Carriage Services (NYSE:CSV) Sets New 52-Week Low – Here’s Why

Shares of Carriage Services, Inc. (NYSE:CSV) reached a new 52-week low during trading on Thursday . The stock traded as low as $33.33 and last traded at $33.88, with a volume of 442567 shares changing hands. The stock had previously closed at $33.64.

Analyst Ratings Changes

A number of analysts have recently weighed in on CSV shares. Roth Capital set a $46.00 price target on shares of Carriage Services in a report on Friday, August 7th. Raymond James Financial set a $50.00 price objective on shares of Carriage Services in a research note on Friday, August 7th. Barrington Research reissued an “outperform” rating and set a $60.00 target price on shares of Carriage Services in a research report on Monday, April 27th. Finally, Weiss Ratings downgraded shares of Carriage Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. Two research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, Carriage Services currently has a consensus rating of “Moderate Buy” and an average price target of $52.00.

Carriage Services Stock Performance

The company has a quick ratio of 1.29, a current ratio of 1.46 and a debt-to-equity ratio of 1.92. The company has a market capitalization of $537.68 million, a PE ratio of 12.14, a PEG ratio of 0.66 and a beta of 0.84. The business has a 50 day simple moving average of $38.38 and a 200 day simple moving average of $42.46.

Carriage Services (NYSE:CSV) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.04). Carriage Services had a return on equity of 19.23% and a net margin of 10.69%.The business had revenue of $102.95 million for the quarter, compared to analysts’ expectations of $108.91 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. Equities research analysts predict that Carriage Services, Inc. will post 3.38 EPS for the current fiscal year.

Carriage Services Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd will be given a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 3rd. Carriage Services’s payout ratio is currently 16.13%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. acquired a new stake in shares of Carriage Services during the second quarter worth $42,164,000. Vanguard Group Inc. increased its position in shares of Carriage Services by 3.9% in the 3rd quarter. Vanguard Group Inc. now owns 1,021,161 shares of the company’s stock valued at $45,483,000 after acquiring an additional 38,738 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Carriage Services by 0.6% in the 1st quarter. Dimensional Fund Advisors LP now owns 610,346 shares of the company’s stock valued at $27,867,000 after acquiring an additional 3,520 shares during the period. Ameriprise Financial Inc. increased its position in shares of Carriage Services by 0.7% in the 3rd quarter. Ameriprise Financial Inc. now owns 480,788 shares of the company’s stock valued at $21,414,000 after acquiring an additional 3,550 shares during the period. Finally, Geode Capital Management LLC raised its stake in Carriage Services by 1.5% in the 4th quarter. Geode Capital Management LLC now owns 386,018 shares of the company’s stock worth $16,333,000 after acquiring an additional 5,870 shares during the last quarter. Hedge funds and other institutional investors own 66.46% of the company’s stock.

About Carriage Services

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.