Carriage Services (NYSE:CSV) Sets New 12-Month Low - Should You Sell?

Key Points

• Carriage Services shares fell to a new 52-week low of $33.07, trading 2.7% lower and below both their 50-day and 200-day moving averages.
• Analyst sentiment is mixed: the stock has a consensus “Hold” rating and an average price target of $51, while recent ratings ranged from “Strong Sell” to “Outperform.”
• The company missed quarterly expectations, reporting $0.78 in EPS versus $0.82 expected and revenue of $102.95 million versus $108.91 million expected; it maintains 2026 EPS guidance of $3.35–$3.55 and a $0.45 annualized dividend.

Carriage Services, Inc. (NYSE:CSV - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The stock traded as low as $33.07 and last traded at $32.9960, with a volume of 90294 shares trading hands. The stock had previously closed at $33.92.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Weiss Ratings lowered shares of Carriage Services from a "hold (c+)" rating to a "hold (c)" rating in a research report on Wednesday, August 19th. Oppenheimer started coverage on shares of Carriage Services in a research note on Thursday, August 13th. They set an "outperform" rating and a $48.00 target price on the stock. Raymond James Financial set a $50.00 target price on Carriage Services in a research report on Friday, August 7th. Roth Capital set a $46.00 price target on Carriage Services in a research note on Friday, August 7th. Finally, Zacks Research cut Carriage Services from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 11th. Three equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Carriage Services currently has a consensus rating of "Hold" and an average target price of $51.00.

Carriage Services Trading Down 2.7%

The company's fifty day simple moving average is $36.85 and its 200-day simple moving average is $41.32. The firm has a market capitalization of $523.71 million, a PE ratio of 11.83, a P/E/G ratio of 0.67 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 - Get Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $0.82 by ($0.04). The company had revenue of $102.95 million for the quarter, compared to analysts' expectations of $108.91 million. Carriage Services had a return on equity of 19.23% and a net margin of 10.69%.Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. As a group, sell-side analysts expect that Carriage Services, Inc. will post 3.38 earnings per share for the current fiscal year.

Carriage Services Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 1st. Investors of record on Monday, August 3rd were given a dividend of $0.1125 per share. This represents a $0.45 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, August 3rd. Carriage Services's payout ratio is presently 16.13%.

Institutional Trading of Carriage Services

A number of hedge funds have recently bought and sold shares of the business. Russell Investments Group Ltd. grew its position in shares of Carriage Services by 3.0% in the second quarter. Russell Investments Group Ltd. now owns 8,833 shares of the company's stock valued at $404,000 after purchasing an additional 258 shares in the last quarter. PNC Financial Services Group Inc. grew its holdings in Carriage Services by 50.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 784 shares of the company's stock valued at $36,000 after buying an additional 264 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Carriage Services by 4.0% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,090 shares of the company's stock valued at $313,000 after buying an additional 312 shares in the last quarter. Janney Montgomery Scott LLC increased its stake in shares of Carriage Services by 3.3% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,939 shares of the company's stock worth $454,000 after acquiring an additional 321 shares during the last quarter. Finally, Prudential Financial Inc. increased its stake in shares of Carriage Services by 3.0% in the 2nd quarter. Prudential Financial Inc. now owns 11,245 shares of the company's stock worth $514,000 after acquiring an additional 330 shares during the last quarter. 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.

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