Carriage Services (NYSE:CSV) Stock Rating Reaffirmed by Roth Mkm

Roth Mkm reiterated their buy rating on shares of Carriage Services (NYSE:CSV) in a report released on Wednesday, Benzinga reports. The brokerage currently has a $32.00 price objective on the stock.

Several other brokerages have also recently issued reports on CSV. Barrington Research restated an outperform rating and issued a $38.00 target price on shares of Carriage Services in a report on Tuesday, May 28th. StockNews.com lowered Carriage Services from a buy rating to a hold rating in a report on Wednesday, May 1st.

Carriage Services Stock Down 1.6 %

CSV stock opened at $28.34 on Wednesday. The stock has a market capitalization of $429.63 million, a P/E ratio of 13.96, a P/E/G ratio of 0.85 and a beta of 0.92. The company has a debt-to-equity ratio of 2.24, a current ratio of 0.72 and a quick ratio of 0.57. Carriage Services has a 1-year low of $18.06 and a 1-year high of $35.59. The business has a fifty day moving average price of $25.86 and a 200-day moving average price of $25.14.

Carriage Services (NYSE:CSV) last issued its earnings results on Wednesday, May 1st. The company reported $0.75 earnings per share for the quarter, topping analysts’ consensus estimates of $0.59 by $0.16. The business had revenue of $103.49 million during the quarter, compared to analyst estimates of $98.17 million. Carriage Services had a return on equity of 22.04% and a net margin of 8.08%. During the same quarter in the previous year, the firm earned $0.56 EPS. Equities analysts forecast that Carriage Services will post 2.26 earnings per share for the current fiscal year.

Carriage Services Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 3rd. Investors of record on Monday, May 6th were given a dividend of $0.1125 per share. The ex-dividend date was Friday, May 3rd. This represents a $0.45 annualized dividend and a yield of 1.59%. Carriage Services’s dividend payout ratio (DPR) is 22.17%.

Insider Buying and Selling at Carriage Services

In other Carriage Services news, Director Charles Fargason acquired 6,000 shares of the business’s stock in a transaction dated Tuesday, March 19th. The stock was purchased at an average price of $25.58 per share, with a total value of $153,480.00. Following the transaction, the director now directly owns 14,640 shares in the company, valued at approximately $374,491.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, VP Paul Donald Elliott sold 6,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of $25.87, for a total transaction of $168,155.00. Following the completion of the transaction, the vice president now directly owns 38,178 shares in the company, valued at approximately $987,664.86. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Charles Fargason bought 6,000 shares of the firm’s stock in a transaction on Tuesday, March 19th. The shares were purchased at an average price of $25.58 per share, for a total transaction of $153,480.00. Following the purchase, the director now owns 14,640 shares in the company, valued at approximately $374,491.20. The disclosure for this purchase can be found here. 12.10% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Carriage Services

A number of hedge funds have recently modified their holdings of CSV. EMC Capital Management bought a new stake in shares of Carriage Services during the 1st quarter valued at $168,000. Price T Rowe Associates Inc. MD increased its stake in Carriage Services by 7.7% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 10,475 shares of the company’s stock worth $284,000 after buying an additional 746 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in Carriage Services during the first quarter valued at about $1,517,000. TSA Wealth Managment LLC purchased a new position in shares of Carriage Services in the first quarter valued at about $206,000. Finally, Heartland Advisors Inc. boosted its stake in shares of Carriage Services by 7.4% in the first quarter. Heartland Advisors Inc. now owns 342,500 shares of the company’s stock worth $9,261,000 after acquiring an additional 23,454 shares during the period. 66.46% of the stock is currently owned by institutional investors.

Carriage Services Company Profile

Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.