Analysts Set Carriage Services, Inc. (NYSE:CSV) Target Price at $61.67

Shares of Carriage Services, Inc. (NYSE:CSV) have been given a consensus rating of “Moderate Buy” by the five research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $61.6667.

Several brokerages recently issued reports on CSV. Barrington Research reiterated an “outperform” rating and issued a $60.00 price target on shares of Carriage Services in a research note on Monday, April 27th. Weiss Ratings upgraded shares of Carriage Services from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 8th.

Institutional Trading of Carriage Services

Several institutional investors have recently bought and sold shares of the company. Parvin Asset Management LLC grew its position in Carriage Services by 13.2% during the 1st quarter. Parvin Asset Management LLC now owns 19,720 shares of the company’s stock valued at $900,000 after purchasing an additional 2,295 shares during the last quarter. Empowered Funds LLC purchased a new stake in Carriage Services during the 1st quarter valued at about $213,000. Quantinno Capital Management LP grew its position in Carriage Services by 69.3% during the 1st quarter. Quantinno Capital Management LP now owns 17,336 shares of the company’s stock valued at $792,000 after purchasing an additional 7,096 shares during the last quarter. Polar Asset Management Partners Inc. purchased a new stake in Carriage Services during the 1st quarter valued at about $11,610,000. Finally, Lazard Asset Management LLC grew its position in Carriage Services by 94.2% during the 1st quarter. Lazard Asset Management LLC now owns 68,293 shares of the company’s stock valued at $3,118,000 after purchasing an additional 33,120 shares during the last quarter. 66.46% of the stock is owned by hedge funds and other institutional investors.

Carriage Services Stock Down 1.6%

Shares of Carriage Services stock opened at $43.86 on Friday. The company has a debt-to-equity ratio of 1.99, a current ratio of 1.15 and a quick ratio of 0.99. The company has a 50-day moving average of $45.74 and a 200 day moving average of $44.00. The firm has a market cap of $696.09 million, a price-to-earnings ratio of 15.89, a PEG ratio of 0.86 and a beta of 0.90. Carriage Services has a 1 year low of $39.88 and a 1 year high of $52.10.

Carriage Services (NYSE:CSV) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.01. The company had revenue of $106.12 million during the quarter, compared to analyst estimates of $111.39 million. Carriage Services had a net margin of 10.58% and a return on equity of 19.78%. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. As a group, sell-side analysts anticipate that Carriage Services will post 3.45 earnings per share for the current fiscal year.

Carriage Services Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 4th will be paid a $0.1125 dividend. This represents a $0.45 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, May 4th. Carriage Services’s dividend payout ratio (DPR) is presently 16.30%.

Carriage Services Company Profile

Carriage Services, Inc operates as a leading provider of funeral, cemetery and cremation services in the United States. The company owns and operates a network of funeral homes, cemeteries, crematories and related service facilities, offering a comprehensive suite of end-of-life services. Its portfolio encompasses traditional funeral services, memorials, graveside burials, mausoleum entombment and direct cremation options, alongside personalized tributes and reception arrangements.

In addition to standard funeral and cemetery offerings, Carriage Services provides pre-arrangement planning and financing solutions designed to ease the administrative and financial burden on grieving families.