Carriage Services (NYSE:CSV) Given “Outperform” Rating at Barrington Research

Barrington Research reiterated their outperform rating on shares of Carriage Services (NYSE:CSV) in a research note issued to investors on Tuesday,Benzinga reports. The firm currently has a $60.00 price target on the stock.

Separately, Weiss Ratings reiterated a “buy (b)” rating on shares of Carriage Services in a research report on Monday, December 29th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.00.

Carriage Services Stock Performance

NYSE:CSV opened at $43.94 on Tuesday. The company has a quick ratio of 0.75, a current ratio of 0.88 and a debt-to-equity ratio of 2.23. The firm’s fifty day simple moving average is $43.16 and its 200 day simple moving average is $43.74. The stock has a market cap of $691.62 million, a P/E ratio of 14.13, a price-to-earnings-growth ratio of 0.83 and a beta of 0.95. Carriage Services has a twelve month low of $35.51 and a twelve month high of $49.41.

Carriage Services Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 2nd. Investors of record on Monday, February 2nd will be paid a $0.1125 dividend. This represents a $0.45 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Monday, February 2nd. Carriage Services’s dividend payout ratio (DPR) is presently 14.47%.

Institutional Investors Weigh In On Carriage Services

A number of hedge funds and other institutional investors have recently bought and sold shares of CSV. Caitong International Asset Management Co. Ltd purchased a new position in shares of Carriage Services during the third quarter valued at approximately $29,000. Jones Financial Companies Lllp grew its stake in shares of Carriage Services by 1,736.0% in the 1st quarter. Jones Financial Companies Lllp now owns 918 shares of the company’s stock worth $36,000 after buying an additional 868 shares during the last quarter. State of Alaska Department of Revenue bought a new position in Carriage Services during the 3rd quarter valued at approximately $37,000. Quarry LP purchased a new position in Carriage Services during the third quarter valued at $51,000. Finally, Ameritas Investment Partners Inc. raised its stake in Carriage Services by 22.1% during the second quarter. Ameritas Investment Partners Inc. now owns 1,450 shares of the company’s stock valued at $66,000 after buying an additional 262 shares during the last quarter. Hedge funds and other institutional investors 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.