Carriage Services (NYSE:CSV) Share Price Breaks Below 50-Day Moving Average – Time to Sell?

Shares of Carriage Services, Inc. (NYSE:CSV) passed below its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $34.89 and traded as low as $30.88. Carriage Services shares last traded at $31.3060, with a volume of 200,976 shares traded.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Weiss Ratings downgraded shares of Carriage Services from a “hold (c+)” rating to a “hold (c)” rating in a report on Wednesday, August 19th. Oppenheimer initiated coverage on Carriage Services in a report on Thursday, August 13th. They issued an “outperform” rating and a $48.00 target price on the stock. Roth Capital set a $46.00 target price on Carriage Services in a research report on Friday, August 7th. Raymond James Financial set a $50.00 price target on Carriage Services in a research note on Friday, August 7th. Finally, Zacks Research cut Carriage Services from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 11th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $51.00.

Carriage Services Price Performance

The firm has a market capitalization of $494.48 million, a P/E ratio of 11.17, a price-to-earnings-growth ratio of 0.62 and a beta of 0.78. The firm has a 50 day moving average price of $34.78 and a 200-day moving average price of $39.90. The company has a current ratio of 1.46, a quick ratio of 1.29 and a debt-to-equity ratio of 1.92.

Carriage Services (NYSE:CSV) last released 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). The company had revenue of $102.95 million for the quarter, compared to the consensus estimate 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. On average, analysts expect that Carriage Services, Inc. will post 3.38 earnings per share for the current year.

Carriage Services Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd were issued a $0.1125 dividend. This represents a $0.45 annualized dividend and a dividend 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 have recently added to or reduced their stakes in the company. Engineers Gate Manager LP increased its stake in Carriage Services by 57.4% in the 2nd quarter. Engineers Gate Manager LP now owns 9,906 shares of the company’s stock worth $380,000 after buying an additional 3,613 shares during the period. BayBridge Capital Group LLC boosted its position in Carriage Services by 22.7% in the 2nd quarter. BayBridge Capital Group LLC now owns 10,120 shares of the company’s stock valued at $388,000 after buying an additional 1,874 shares during the period. Susquehanna International Group LLP grew its stake in Carriage Services by 198.2% in the 2nd quarter. Susquehanna International Group LLP now owns 26,989 shares of the company’s stock worth $1,035,000 after acquiring an additional 17,939 shares in the last quarter. Parvin Asset Management LLC purchased a new position in shares of Carriage Services during the second quarter worth approximately $735,000. Finally, Punch & Associates Investment Management Inc. bought a new stake in shares of Carriage Services during the second quarter valued at approximately $9,562,000. Institutional investors own 66.46% of the company’s stock.

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.