Carriage Services (NYSE:CSV) Shares Gap Up – What’s Next?

Carriage Services, Inc. (NYSE:CSV) shares gapped up prior to trading on Friday. The stock had previously closed at $35.68, but opened at $37.19. Carriage Services shares last traded at $36.43, with a volume of 2,864 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have commented on CSV. Oppenheimer began coverage on Carriage Services in a research report on Thursday, August 13th. They set an “outperform” rating and a $48.00 price target for the company. Zacks Research cut Carriage Services from a “hold” rating to a “strong sell” rating in a research report on Tuesday, August 11th. Raymond James Financial set a $50.00 price target on shares of Carriage Services in a research note on Friday, August 7th. Roth Capital set a $42.00 price target on Carriage Services in a research note on Friday, October 2nd. Finally, Weiss Ratings cut shares of Carriage Services from a “hold (c+)” rating to a “hold (c)” rating in a research note on Wednesday, August 19th. Two equities research 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, the company presently has an average rating of “Hold” and a consensus target price of $50.00.

Carriage Services Stock Performance

The stock has a market cap of $579.25 million, a price-to-earnings ratio of 13.06, a PEG ratio of 0.71 and a beta of 0.79. The firm’s 50-day moving average price is $33.49 and its two-hundred day moving average price is $38.77. The company has a debt-to-equity ratio of 1.92, a quick ratio of 1.29 and a current ratio of 1.46.

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). The firm had revenue of $102.95 million during the quarter, compared to analyst estimates 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 3.36 EPS for the current fiscal year.

Carriage Services Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 1st. Shareholders of record on Monday, November 2nd will be given a $0.1125 dividend. The ex-dividend date is Monday, November 2nd. This represents a $0.45 dividend on an annualized basis and a yield of 1.2%. Carriage Services’s payout ratio is currently 16.13%.

Hedge Funds Weigh In On Carriage Services

Several large investors have recently modified their holdings of CSV. Versant Capital Management Inc increased its holdings in shares of Carriage Services by 747.1% in the third quarter. Versant Capital Management Inc now owns 1,440 shares of the company’s stock valued at $45,000 after purchasing an additional 1,270 shares during the period. Engineers Gate Manager LP lifted its holdings in shares of Carriage Services by 57.4% during the second quarter. Engineers Gate Manager LP now owns 9,906 shares of the company’s stock worth $380,000 after purchasing an additional 3,613 shares during the period. BayBridge Capital Group LLC grew 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 last quarter. Susquehanna International Group LLP increased 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 valued at $1,035,000 after buying an additional 17,939 shares during the period. Finally, Parvin Asset Management LLC acquired a new stake in Carriage Services during the second quarter worth approximately $735,000. Institutional investors and hedge funds own 66.46% of the company’s stock.

About Carriage Services

Carriage Services, Inc is a provider of funeral and cemetery services in the United States. The company operates funeral homes and cemeteries that serve families through arrangements for traditional funerals, cremation services, memorial ceremonies and related merchandise.

Its cemetery operations provide interment and memorialization services, including burial plots, mausoleums, cremation niches and other cemetery products. Carriage Services also offers advance-planning and prearrangement services, allowing individuals and families to make funeral and cemetery arrangements before they are needed.

Founded in 1991 and headquartered in Houston, Texas, Carriage Services operates through a network of funeral homes and cemeteries across multiple U.S.