Carriage Services (NYSE:CSV) Share Price Breaks Below 50-Day Moving Average - Time to Sell?

Key Points

• Carriage Services shares fell below their 50-day moving average, trading as low as $32.92 versus the $33.70 average, while remaining below the 200-day average of $39.39.
• Analyst views are mixed: the stock carries a consensus “Hold” rating and a $50 average price target, with targets ranging from $42 to $50 and one firm rating it a “strong sell.”
• The company missed quarterly expectations, reporting $0.78 in EPS versus $0.82 expected and revenue of $102.95 million versus $108.91 million forecast. It nevertheless pays a $0.45 annualized dividend, yielding approximately 1.3%.

Shares of Carriage Services, Inc. (NYSE:CSV - Get Free Report) crossed below its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $33.70 and traded as low as $32.92. Carriage Services shares last traded at $33.7080, with a volume of 277,376 shares changing hands.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CSV shares. Oppenheimer initiated coverage on Carriage Services in a research report on Thursday, August 13th. They set an "outperform" rating and a $48.00 price target 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. Zacks Research lowered shares of Carriage Services from a "hold" rating to a "strong sell" rating in a report on Tuesday, August 11th. Roth Capital set a $42.00 target price on shares of Carriage Services in a report on Friday, October 2nd. Finally, Raymond James Financial set a $50.00 target price on shares of Carriage Services in a research note on Friday, August 7th. Two analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $50.00.

Carriage Services Stock Down 0.1%

The company has a quick ratio of 1.29, a current ratio of 1.46 and a debt-to-equity ratio of 1.92. The company has a 50-day simple moving average of $33.70 and a two-hundred day simple moving average of $39.39. The stock has a market cap of $534.95 million, a P/E ratio of 12.08, a P/E/G ratio of 0.67 and a beta of 0.79.

Carriage Services (NYSE:CSV - Get Free Report) last issued its 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 firm had revenue of $102.95 million during the quarter, compared to the consensus estimate 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. On average, equities analysts forecast that Carriage Services, Inc. will post 3.36 EPS for the current year.

Carriage Services Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Versant Capital Management Inc increased its position in Carriage Services by 747.1% during the 3rd 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 boosted its stake in shares of Carriage Services by 57.4% during the 2nd quarter. Engineers Gate Manager LP now owns 9,906 shares of the company's stock valued at $380,000 after purchasing an additional 3,613 shares in the last quarter. BayBridge Capital Group LLC increased its position in shares of Carriage Services by 22.7% during the second 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 period. Susquehanna International Group LLP increased its position in shares of Carriage Services by 198.2% during the second 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 bought a new position in Carriage Services in the second quarter worth about $735,000. Institutional investors 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, burials and memorialization.

Its offerings generally include funeral planning, preparation and care of the deceased, ceremonies and visitations, cemetery property, interment services, cremation-related products, memorial products and other merchandise. Carriage Services operates through a decentralized network of local businesses, allowing individual locations to maintain their community identities while benefiting from the company's operational support.

Founded in 1991 and headquartered in Houston, Texas, Carriage Services has expanded through the ownership and operation of funeral homes and cemeteries across multiple U.S.

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