Carriage Services, Inc. (NYSE:CSV) Short Interest Update

by · The Cerbat Gem

Carriage Services, Inc. (NYSE:CSVGet Free Report) saw a significant increase in short interest in March. As of March 31st, there was short interest totaling 409,643 shares, an increase of 24.1% from the March 15th total of 330,208 shares. Based on an average daily volume of 114,800 shares, the days-to-cover ratio is presently 3.6 days. Approximately 2.7% of the company’s shares are short sold.

Analyst Ratings Changes

Several brokerages recently issued reports on CSV. Weiss Ratings reissued a “buy (b)” rating on shares of Carriage Services in a research note on Monday, December 29th. Barrington Research reissued an “outperform” rating and issued a $60.00 price objective on shares of Carriage Services in a research note on Tuesday, February 17th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, Carriage Services presently has an average rating of “Moderate Buy” and a consensus price target of $59.00.

Read Our Latest Research Report on Carriage Services

Carriage Services Stock Up 1.9%

NYSE CSV traded up $0.88 during midday trading on Thursday, hitting $47.65. 31,455 shares of the company traded hands, compared to its average volume of 91,186. The company has a debt-to-equity ratio of 2.09, a current ratio of 0.98 and a quick ratio of 0.84. The company has a market cap of $750.41 million, a PE ratio of 14.62, a price-to-earnings-growth ratio of 0.93 and a beta of 0.92. The company’s 50-day simple moving average is $44.54 and its 200-day simple moving average is $43.74. Carriage Services has a 52 week low of $38.10 and a 52 week high of $49.41.

Carriage Services (NYSE:CSVGet Free Report) last announced its earnings results on Wednesday, February 25th. The company reported $0.75 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.80 by ($0.05). The company had revenue of $105.48 million for the quarter, compared to the consensus estimate of $103.50 million. Carriage Services had a net margin of 12.34% and a return on equity of 21.22%. Carriage Services has set its FY 2026 guidance at 3.350-3.550 EPS. As a group, equities research analysts forecast that Carriage Services will post 2.5 earnings per share for the current year.

Carriage Services Announces Dividend

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

Institutional Trading of Carriage Services

Several hedge funds and other institutional investors have recently made changes to their positions in the business. XTX Topco Ltd purchased a new stake in shares of Carriage Services during the 4th quarter valued at $206,000. Millennium Management LLC lifted its holdings in shares of Carriage Services by 597.1% during the 4th quarter. Millennium Management LLC now owns 136,149 shares of the company’s stock valued at $5,759,000 after purchasing an additional 116,617 shares during the last quarter. Man Group plc purchased a new stake in shares of Carriage Services during the 4th quarter valued at $957,000. AQR Capital Management LLC lifted its holdings in shares of Carriage Services by 4.3% during the 4th quarter. AQR Capital Management LLC now owns 10,775 shares of the company’s stock valued at $456,000 after purchasing an additional 446 shares during the last quarter. Finally, Lazard Asset Management LLC purchased a new stake in shares of Carriage Services during the 4th quarter valued at $1,488,000. Hedge funds and other institutional investors own 66.46% of the company’s stock.

About Carriage Services

(Get Free Report)

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.

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