Carriage Services (NYSE:CSV) Sets New 52-Week Low – Time to Sell?

Carriage Services, Inc. (NYSE:CSV)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $33.07 and last traded at $32.9960, with a volume of 90294 shares traded. The stock had previously closed at $33.92.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on CSV shares. Zacks Research lowered shares of Carriage Services from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Oppenheimer initiated coverage on shares of Carriage Services in a research report on Thursday, August 13th. They set an “outperform” rating and a $48.00 price target on the stock. Raymond James Financial set a $50.00 price objective on Carriage Services in a research report on Friday, August 7th. Roth Capital set a $46.00 target price on Carriage Services in a research note on Friday, August 7th. Finally, Weiss Ratings lowered Carriage Services from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 19th. Three investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Carriage Services presently has a consensus rating of “Hold” and a consensus price target of $51.00.

Carriage Services Price Performance

The stock has a market cap of $523.71 million, a PE ratio of 11.83, a PEG ratio of 0.67 and a beta of 0.78. 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 stock’s 50-day moving average is $36.85 and its two-hundred day moving average is $41.32.

Carriage Services (NYSE:CSV) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.78 EPS 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 firm had revenue of $102.95 million for the quarter, compared to analyst estimates of $108.91 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. On average, equities analysts predict that Carriage Services, Inc. will post 3.38 earnings per share for the current year.

Carriage Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 3rd were issued a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date was Monday, August 3rd. Carriage Services’s dividend payout ratio (DPR) is 16.13%.

Institutional Trading of Carriage Services

Institutional investors and hedge funds have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd acquired a new stake in shares of Carriage Services during the third quarter worth about $29,000. PNC Financial Services Group Inc. grew its holdings in shares of Carriage Services by 50.8% in the first quarter. PNC Financial Services Group Inc. now owns 784 shares of the company’s stock valued at $36,000 after purchasing an additional 264 shares in the last quarter. Jones Financial Companies Lllp increased its stake in Carriage Services by 1,736.0% during the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock worth $36,000 after buying an additional 868 shares during the period. Optiver Holding B.V. increased its stake in Carriage Services by 2,195.1% during the 1st quarter. Optiver Holding B.V. now owns 941 shares of the company’s stock worth $43,000 after buying an additional 900 shares during the period. Finally, Quarry LP acquired a new stake in Carriage Services during the 3rd quarter worth approximately $51,000. 66.46% of the stock is currently owned by hedge funds and other institutional investors.

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.