Carriage Services (NYSE:CSV) Stock Crosses Below Fifty Day Moving Average – What’s Next?

Carriage Services, Inc. (NYSE:CSV) crossed below its 50 day moving average during trading on Friday. The stock has a 50 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.

Analysts Set New Price Targets

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

Carriage Services Price Performance

The company has a debt-to-equity ratio of 1.92, a current ratio of 1.46 and a quick ratio of 1.29. The firm has a market cap of $534.95 million, a PE ratio of 12.08, a price-to-earnings-growth ratio of 0.67 and a beta of 0.79. The firm has a 50-day simple moving average of $33.70 and a 200 day simple moving average of $39.39.

Carriage Services (NYSE:CSV) last posted its quarterly earnings data 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 company had revenue of $102.95 million for 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, equities analysts expect that Carriage Services, Inc. will post 3.36 EPS for the current year.

Carriage Services Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 1st. Shareholders of record on Monday, August 3rd were given 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 was Monday, August 3rd. Carriage Services’s payout ratio is 16.13%.

Institutional Trading of Carriage Services

Several hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc boosted its holdings in Carriage Services by 747.1% in the 3rd quarter. Versant Capital Management Inc now owns 1,440 shares of the company’s stock worth $45,000 after buying an additional 1,270 shares during the period. Engineers Gate Manager LP lifted 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 worth $380,000 after acquiring an additional 3,613 shares during the last quarter. BayBridge Capital Group LLC grew its stake in Carriage Services by 22.7% in the 2nd quarter. BayBridge Capital Group LLC now owns 10,120 shares of the company’s stock worth $388,000 after acquiring an additional 1,874 shares in the last quarter. Susquehanna International Group LLP increased its stake 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 shares of Carriage Services during the second quarter valued at approximately $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.