JB Capital Partners LP Takes Position in Carriage Services, Inc. $CSV

Key Points

• JB Capital Partners purchased 71,007 shares of Carriage Services, valued at approximately $2.7 million, giving it a 0.45% stake. Institutional investors collectively own 66.46% of the company.
• Analyst sentiment remains mixed: Oppenheimer initiated coverage with an “outperform” rating and a $48 target, while Zacks downgraded the stock to “strong sell.” MarketBeat reports an overall “Hold” rating and an average price target of $51.
• Carriage Services opened at $34.54, near its one-year low, after reporting quarterly earnings and revenue below expectations. The company declared a quarterly dividend of $0.1125, equivalent to an annualized yield of about 1.3%.

JB Capital Partners LP purchased a new stake in shares of Carriage Services, Inc. (NYSE:CSV - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 71,007 shares of the company's stock, valued at approximately $2,714,598,000. JB Capital Partners LP owned approximately 0.45% of Carriage Services as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CSV. BlackRock Inc. purchased a new stake in Carriage Services during the 2nd quarter valued at $42,164,000. Vanguard Group Inc. raised its stake in shares of Carriage Services by 3.9% in the third quarter. Vanguard Group Inc. now owns 1,021,161 shares of the company's stock worth $45,483,000 after purchasing an additional 38,738 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Carriage Services by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 610,346 shares of the company's stock worth $27,867,000 after purchasing an additional 3,520 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Carriage Services by 0.7% during the third quarter. Ameriprise Financial Inc. now owns 480,788 shares of the company's stock valued at $21,414,000 after purchasing an additional 3,550 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Carriage Services by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 386,018 shares of the company's stock valued at $16,333,000 after purchasing an additional 5,870 shares in the last quarter. 66.46% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently commented on CSV. Oppenheimer began coverage on Carriage Services in a report on Thursday, August 13th. They issued an "outperform" rating and a $48.00 price objective for the company. Weiss Ratings cut shares of Carriage Services from a "hold (c+)" rating to a "hold (c)" rating in a research note on Wednesday. Zacks Research downgraded shares of Carriage Services from a "hold" rating to a "strong sell" rating in a 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. Finally, Roth Capital set a $46.00 price objective on shares of Carriage Services in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Carriage Services has an average rating of "Hold" and an average price target of $51.00.

Carriage Services Stock Performance

Shares of CSV opened at $34.54 on Friday. 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, Inc. has a one year low of $33.33 and a one year high of $52.10. The firm has a market capitalization of $548.15 million, a P/E ratio of 12.38, a PEG ratio of 0.68 and a beta of 0.84. The business has a fifty day moving average of $37.83 and a 200 day moving average of $42.08.

Carriage Services (NYSE:CSV - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $0.82 by ($0.04). The firm 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, sell-side analysts anticipate that Carriage Services, Inc. will post 3.38 EPS for the current year.

Carriage Services Announces Dividend

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

Carriage Services 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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