Carriage Services (NYSE:CSV - Free Report) had its price target hoisted by Barrington Research from $45.00 to $50.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has an outperform rating on the stock.
Carriage Services Stock Up 0.3 %
Shares of NYSE CSV traded up $0.10 during mid-day trading on Monday, hitting $39.26. The company had a trading volume of 63,423 shares, compared to its average volume of 65,774. Carriage Services has a 1-year low of $22.84 and a 1-year high of $42.13. The company has a market capitalization of $597.65 million, a PE ratio of 17.61, a price-to-earnings-growth ratio of 1.07 and a beta of 0.93. The company has a debt-to-equity ratio of 2.03, a current ratio of 0.72 and a quick ratio of 0.59. The business's 50-day simple moving average is $39.31 and its 200 day simple moving average is $33.80.
Carriage Services (NYSE:CSV - Get Free Report) last posted its quarterly earnings results on Wednesday, October 30th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.45 by $0.19. Carriage Services had a return on equity of 23.52% and a net margin of 8.57%. The company had revenue of $100.69 million for the quarter, compared to analyst estimates of $93.49 million. During the same quarter last year, the company earned $0.33 EPS. On average, analysts predict that Carriage Services will post 2.5 earnings per share for the current year.
Carriage Services Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, December 2nd. Investors of record on Monday, November 4th were issued a $0.1125 dividend. This represents a $0.45 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend was Monday, November 4th. Carriage Services's dividend payout ratio (DPR) is presently 20.18%.
Insider Buying and Selling at Carriage Services
In other Carriage Services news, VP Paul Donald Elliott sold 5,000 shares of the firm's stock in a transaction that occurred on Tuesday, November 5th. The shares were sold at an average price of $37.78, for a total transaction of $188,900.00. Following the sale, the vice president now owns 34,166 shares of the company's stock, valued at approximately $1,290,791.48. This trade represents a 12.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 12.10% of the stock is owned by insiders.
Institutional Investors Weigh In On Carriage Services
Hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. grew its holdings in shares of Carriage Services by 94.7% during the third quarter. JPMorgan Chase & Co. now owns 118,891 shares of the company's stock worth $3,903,000 after purchasing an additional 57,821 shares during the last quarter. Principal Financial Group Inc. acquired a new position in Carriage Services during the third quarter worth approximately $232,000. Barclays PLC lifted its stake in Carriage Services by 228.6% in the third quarter. Barclays PLC now owns 20,433 shares of the company's stock valued at $671,000 after buying an additional 14,215 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Carriage Services by 4.4% in the third quarter. Geode Capital Management LLC now owns 314,864 shares of the company's stock valued at $10,339,000 after acquiring an additional 13,126 shares during the period. Finally, XTX Topco Ltd boosted its holdings in shares of Carriage Services by 17.3% in the third quarter. XTX Topco Ltd now owns 9,064 shares of the company's stock valued at $298,000 after acquiring an additional 1,337 shares during the period. 66.46% of the stock is currently owned by institutional investors and hedge funds.
About Carriage Services
(
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Carriage Services, Inc provides funeral and cemetery services, and merchandise in the United States. It operates in two segments, Funeral Home Operations and Cemetery Operations. The Funeral Home Operations segment provides consultation services; funeral home facilities for visitation and memorial services; transportation services; removal and preparation of remains; sale of caskets and urns; cremation services; and related funeral merchandise.
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