Carriage Services Inc. (NYSE:CSV) had its target price boosted by stock analysts at Barrington Research from $30.00 to $32.00 in a research note issued to investors on Thursday. The firm currently has an “outperform” rating on the stock.

Separately, Zacks Investment Research cut Carriage Services from a “hold” rating to a “sell” rating in a research report on Friday, July 29th.

Shares of Carriage Services (NYSE:CSV) traded up 1.689% during mid-day trading on Thursday, reaching $23.775. 8,658 shares of the company were exchanged. The firm has a market capitalization of $395.66 million, a price-to-earnings ratio of 21.247 and a beta of 0.76. The company’s 50-day moving average is $23.48 and its 200 day moving average is $23.00. Carriage Services has a 12 month low of $19.03 and a 12 month high of $25.96.

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Carriage Services (NYSE:CSV) last posted its quarterly earnings data on Tuesday, July 26th. The company reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.39 by $0.02. Carriage Services had a net margin of 8.01% and a return on equity of 16.56%. The business earned $61.87 million during the quarter, compared to the consensus estimate of $61.34 million. During the same period in the prior year, the company posted $0.34 earnings per share. The firm’s revenue was up 4.4% compared to the same quarter last year. Analysts predict that Carriage Services will post $1.70 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, September 1st. Investors of record on Tuesday, August 16th were paid a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.86%. This is a positive change from Carriage Services’s previous quarterly dividend of $0.03. The ex-dividend date of this dividend was Friday, August 12th. Carriage Services’s dividend payout ratio is presently 17.86%.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Macquarie Group Ltd. purchased a new position in shares of Carriage Services during the second quarter worth approximately $123,000. BlackRock Group LTD raised its position in shares of Carriage Services by 87.5% in the second quarter. BlackRock Group LTD now owns 7,980 shares of the company’s stock worth $189,000 after buying an additional 3,723 shares during the last quarter. State Board of Administration of Florida Retirement System purchased a new position in shares of Carriage Services during the second quarter worth approximately $204,000. Capital Planning Advisors LLC purchased a new position in shares of Carriage Services during the second quarter worth approximately $215,000. Finally, Stevens Capital Management LP purchased a new position in shares of Carriage Services during the second quarter worth approximately $224,000. Institutional investors and hedge funds own 77.51% of the company’s stock.

Carriage Services Company Profile

Carriage Services, Inc is a provider of death care services and merchandise in the United States. The Company operates in two business segments: Funeral Home Operations and Cemetery Operations. The Funeral Homes segment provides funeral services (traditional burial and cremation) and sells related merchandise, such as caskets and urns.

5 Day Chart for NYSE:CSV

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