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

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

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on CSV shares. Barrington Research reiterated an “outperform” rating and issued a $60.00 price target on shares of Carriage Services in a report on Monday, April 27th. Roth Capital set a $46.00 target price on Carriage Services in a research note on Friday, August 7th. Weiss Ratings lowered shares of Carriage Services from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Thursday, July 23rd. Finally, Raymond James Financial set a $50.00 price target on shares of Carriage Services in a research note on Friday, August 7th. Two equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $52.00.

Carriage Services Stock Up 0.7%

The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.29 and a current ratio of 1.46. The company has a fifty day simple moving average of $38.38 and a two-hundred day simple moving average of $42.46. The firm 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.

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

Carriage Services Dividend Announcement

The firm 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. The ex-dividend date of this dividend is Monday, August 3rd. This represents a $0.45 dividend on an annualized basis and a yield of 1.3%. Carriage Services’s dividend payout ratio (DPR) is 16.13%.

Institutional Investors Weigh In On Carriage Services

Several hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new stake in Carriage Services during the 2nd quarter valued at $42,164,000. Vanguard Group Inc. increased its holdings 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 raised 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 worth $27,867,000 after acquiring an additional 3,520 shares in the last quarter. Ameriprise Financial Inc. raised 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 worth $21,414,000 after acquiring an additional 3,550 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Carriage Services by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 386,018 shares of the company’s stock worth $16,333,000 after purchasing 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.