Carriage Services (NYSE:CSV) Sets New 1-Year High – Still a Buy?

Shares of Carriage Services, Inc. (NYSE:CSV) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $52.10 and last traded at $50.3460, with a volume of 64330 shares trading hands. The stock had previously closed at $51.65.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Weiss Ratings cut Carriage Services from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, April 21st. Barrington Research reissued an “outperform” rating and issued a $60.00 target price on shares of Carriage Services in a research report on Monday. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $59.00.

Carriage Services Trading Down 0.0%

The company has a quick ratio of 0.84, a current ratio of 0.98 and a debt-to-equity ratio of 2.09. The business has a fifty day simple moving average of $45.75 and a 200 day simple moving average of $44.04. The company has a market cap of $774.19 million, a price-to-earnings ratio of 15.08, a P/E/G ratio of 0.96 and a beta of 0.92.

Carriage Services (NYSE:CSV) last released its earnings results on Wednesday, February 25th. The company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.05). Carriage Services had a net margin of 12.34% and a return on equity of 21.22%. The business had revenue of $105.48 million during the quarter, compared to analyst estimates of $103.50 million. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. On average, equities analysts anticipate that Carriage Services, Inc. will post 3.42 EPS for the current fiscal year.

Carriage Services Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 1st. Investors of record on Monday, May 4th will be issued a dividend of $0.1125 per share. The ex-dividend date of this dividend is Monday, May 4th. This represents a $0.45 annualized dividend and a yield of 0.9%. Carriage Services’s payout ratio is currently 13.80%.

Hedge Funds Weigh In On Carriage Services

Hedge funds and other institutional investors have recently bought and sold shares of the company. Hsbc Holdings PLC increased its position in Carriage Services by 37.7% during the first quarter. Hsbc Holdings PLC now owns 7,051 shares of the company’s stock worth $323,000 after buying an additional 1,929 shares in the last quarter. R Squared Ltd grew its position in shares of Carriage Services by 6.1% in the first quarter. R Squared Ltd now owns 17,375 shares of the company’s stock valued at $793,000 after purchasing an additional 1,002 shares during the period. Swedbank AB purchased a new stake in Carriage Services during the first quarter valued at about $3,753,000. North Star Investment Management Corp. grew its position in Carriage Services by 207.7% during the first quarter. North Star Investment Management Corp. now owns 40,000 shares of the company’s stock valued at $1,826,000 after acquiring an additional 27,000 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in Carriage Services by 3.3% during the first quarter. Janney Montgomery Scott LLC now owns 9,939 shares of the company’s stock valued at $454,000 after acquiring an additional 321 shares during the period. 66.46% of the stock is owned by institutional investors and hedge funds.

About Carriage Services

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.