Carriage Services (NYSE:CSV) Hits 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 Monday . The company traded as low as $32.00 and last traded at $32.2050, with a volume of 45758 shares. The stock had previously closed at $32.52.

Wall Street Analyst Weigh In

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

Carriage Services Stock Performance

The company has a debt-to-equity ratio of 1.92, a current ratio of 1.46 and a quick ratio of 1.29. The stock has a 50-day simple moving average of $36.11 and a 200 day simple moving average of $40.81. The company has a market capitalization of $512.44 million, a PE ratio of 11.57, a P/E/G ratio of 0.65 and a beta of 0.78.

Carriage Services (NYSE:CSV) last posted its earnings results on Wednesday, August 5th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.04). Carriage Services had a net margin of 10.69% and a return on equity of 19.23%. 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 analysts anticipate that Carriage Services, Inc. will post 3.38 EPS for the current fiscal year.

Carriage Services Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp purchased a new stake in shares of Carriage Services in the second quarter valued at $4,521,000. Lazard Asset Management LLC lifted its position in Carriage Services by 94.2% during the first quarter. Lazard Asset Management LLC now owns 68,293 shares of the company’s stock worth $3,118,000 after buying an additional 33,120 shares during the period. Swedbank AB purchased a new position in Carriage Services during the first quarter worth about $3,753,000. De Lisle Partners LLP acquired a new stake in Carriage Services in the 2nd quarter worth about $9,191,000. Finally, Polar Asset Management Partners Inc. acquired a new stake in Carriage Services in the 2nd quarter worth about $12,505,000. 66.46% of the stock is currently owned by hedge funds and other institutional investors.

About Carriage Services

Carriage Services, Inc is a Houston-based provider of funeral and cemetery services in the United States. The company operates funeral homes and cemeteries that serve families through the funeral, cremation and burial processes.

Its services include funeral and memorial ceremonies, cremation services, cemetery interment, burial and cremation merchandise, and related planning arrangements. Carriage Services also offers pre-need funeral and cemetery planning, allowing customers to arrange and fund services in advance.

Founded in 1991, the company has built its business through a combination of acquiring established funeral homes and cemeteries and supporting their local operations.