Carriage Services (NYSE:CSV) Hits New 1-Year Low - Should You Sell?

Key Points

• Carriage Services shares fell to a new 52-week low of $32.00, well below their 50-day and 200-day moving averages of $36.35 and $40.98, respectively.
• Analyst sentiment is mixed: the stock has an average rating of “Hold” and a consensus price target of $51.00, while ratings range from “Strong Sell” to “Outperform.”
• Recent quarterly results fell short of expectations, with EPS of $0.78 versus $0.82 expected and revenue of $102.95 million versus $108.91 million projected; the company continues to pay a $0.45 annualized dividend yielding about 1.4%.

Carriage Services, Inc. (NYSE:CSV - Get Free Report)'s share price hit a new 52-week low on Monday . The stock traded as low as $32.00 and last traded at $32.2050, with a volume of 45758 shares trading hands. The stock had previously closed at $32.52.

Analyst Ratings Changes

Several brokerages have recently issued reports on CSV. Raymond James Financial set a $50.00 price objective on shares of Carriage Services in a research note on Friday, August 7th. Oppenheimer began coverage on shares of Carriage Services in a research report on Thursday, August 13th. They issued an "outperform" rating and a $48.00 price target on the stock. Weiss Ratings cut Carriage Services from a "hold (c+)" rating to a "hold (c)" rating in a report on Wednesday, August 19th. Roth Capital set a $46.00 target price on Carriage Services in a report on Friday, August 7th. Finally, Zacks Research downgraded 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. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $51.00.

Carriage Services Stock Performance

The company has a market cap of $519.27 million, a PE ratio of 11.72, a PEG ratio of 0.64 and a beta of 0.78. The business's 50-day moving average is $36.35 and its 200 day moving average is $40.98. 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 - Get Free Report) last announced its quarterly 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 return on equity of 19.23% and a net margin of 10.69%.The firm had revenue of $102.95 million during the quarter, compared to the consensus estimate of $108.91 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. On average, equities research analysts predict that Carriage Services, Inc. will post 3.38 EPS for the current fiscal 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 given a $0.1125 dividend. The ex-dividend date of this dividend was Monday, August 3rd. This represents a $0.45 annualized dividend and a dividend yield of 1.4%. Carriage Services's dividend payout ratio is currently 16.13%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in Carriage Services during the second quarter valued at $42,164,000. Vanguard Group Inc. increased its holdings in Carriage Services by 3.9% during the third quarter. Vanguard Group Inc. now owns 1,021,161 shares of the company's stock valued at $45,483,000 after buying an additional 38,738 shares during the last quarter. Dimensional Fund Advisors LP raised its position in 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 acquiring an additional 3,520 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Carriage Services by 0.7% during the 3rd quarter. Ameriprise Financial Inc. now owns 480,788 shares of the company's stock worth $21,414,000 after acquiring an additional 3,550 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of Carriage Services by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 386,018 shares of the company's stock valued at $16,333,000 after acquiring an additional 5,870 shares during the period. 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.

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