Bard Associates Inc. Takes Position in Carriage Services, Inc. $CSV

Key Points

• Bard Associates acquired 97,068 shares of Carriage Services in the second quarter, worth approximately $3.72 million and representing about 0.61% of the company. Institutional investors collectively own 66.46% of CSV.
• Analyst sentiment is mixed, with three Buy ratings, one Hold and one Sell; MarketBeat reports a consensus Hold rating and a $51 price target versus the stock’s $34.54 opening price.
• Carriage Services missed quarterly expectations, reporting $0.78 EPS versus $0.82 expected and revenue of $102.95 million versus $108.91 million forecast. The company also declared a quarterly dividend of $0.1125, equivalent to a 1.3% annualized yield.

Bard Associates Inc. acquired a new position in Carriage Services, Inc. (NYSE:CSV - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 97,068 shares of the company's stock, valued at approximately $3,722,000. Bard Associates Inc. owned approximately 0.61% of Carriage Services as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd purchased a new position in shares of Carriage Services in the 3rd quarter worth $29,000. PNC Financial Services Group Inc. boosted its stake in 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 acquiring an additional 264 shares during the period. Jones Financial Companies Lllp grew its holdings in shares of Carriage Services by 1,736.0% during the first quarter. Jones Financial Companies Lllp now owns 918 shares of the company's stock valued at $36,000 after purchasing an additional 868 shares during the last quarter. Optiver Holding B.V. grew its holdings in shares of Carriage Services by 2,195.1% during the first quarter. Optiver Holding B.V. now owns 941 shares of the company's stock valued at $43,000 after purchasing an additional 900 shares during the last quarter. Finally, Quarry LP acquired a new stake in shares of 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.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CSV. Oppenheimer started coverage on Carriage Services in a research note on Thursday, August 13th. They set an "outperform" rating and a $48.00 price objective for the company. Barrington Research reaffirmed an "outperform" rating and issued a $60.00 price objective on shares of Carriage Services in a report on Monday, April 27th. Weiss Ratings downgraded shares of Carriage Services from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday. Roth Capital set a $46.00 target price on shares of Carriage Services in a research report on Friday, August 7th. Finally, Raymond James Financial set a $50.00 price target on shares of Carriage Services in a research note on Friday, August 7th. Three investment 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. According to MarketBeat, Carriage Services presently has a consensus rating of "Hold" and a consensus price target of $51.00.

Carriage Services Stock Up 0.0%

Carriage Services stock opened at $34.54 on Friday. The company's 50-day moving average price is $37.83 and its two-hundred day moving average price is $42.08. The stock has a market cap of $548.15 million, a P/E ratio of 12.38, a P/E/G ratio of 0.68 and a beta of 0.84. Carriage Services, Inc. has a twelve month low of $33.33 and a twelve month high of $52.10. The company has a quick ratio of 1.29, a current ratio of 1.46 and a debt-to-equity ratio of 1.92.

Carriage Services (NYSE:CSV - Get Free Report) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.04). The company had revenue of $102.95 million during 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. As a group, analysts expect that Carriage Services, Inc. will post 3.38 EPS for the current year.

Carriage Services Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd will be issued a $0.1125 dividend. This represents a $0.45 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Monday, August 3rd. Carriage Services's dividend payout ratio is presently 16.13%.

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.

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