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

Carriage Services, Inc. (NYSE:CSV) hit a new 52-week low during trading on Tuesday . The stock traded as low as $33.10 and last traded at $33.24, with a volume of 83164 shares. The stock had previously closed at $33.65.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CSV shares. Oppenheimer started coverage on shares of Carriage Services in a report on Thursday, August 13th. They set an “outperform” rating and a $48.00 target price for the company. Raymond James Financial set a $50.00 target price on shares of Carriage Services in a research note on Friday, August 7th. Roth Capital set a $46.00 target price on Carriage Services in a research note on Friday, August 7th. Weiss Ratings cut Carriage Services from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 19th. Finally, Zacks Research cut shares of 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 given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $51.00.

Carriage Services Stock Up 2.1%

The firm’s 50 day moving average price is $37.12 and its two-hundred day moving average price is $41.52. The firm has a market cap of $540.29 million, a price-to-earnings ratio of 12.20, a P/E/G ratio of 0.65 and a beta of 0.78. The company has a debt-to-equity ratio of 1.92, a current ratio of 1.46 and a quick ratio of 1.29.

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

Carriage Services Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Stockholders of record on Monday, August 3rd were paid a dividend of $0.1125 per share. This represents a $0.45 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date was Monday, August 3rd. Carriage Services’s payout ratio is 16.13%.

Institutional Investors Weigh In On Carriage Services

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Carriage Services during the 2nd quarter worth approximately $42,164,000. Polar Asset Management Partners Inc. purchased a new position in Carriage Services in the second quarter worth $12,505,000. Punch & Associates Investment Management Inc. acquired a new stake in Carriage Services in the second quarter valued at $9,562,000. De Lisle Partners LLP acquired a new stake in Carriage Services in the second quarter valued at $9,191,000. Finally, Heartland Advisors Inc. acquired a new position in shares of Carriage Services during the 2nd quarter worth $7,948,000. Institutional investors and hedge funds own 66.46% of the company’s stock.

Carriage Services Company Profile

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.