Carriage Services (NYSE:CSV) Stock Rating Reaffirmed by Barrington Research

Carriage Services (NYSE:CSV)‘s stock had its “outperform” rating restated by research analysts at Barrington Research in a research note issued on Thursday, Benzinga reports. They presently have a $38.00 price target on the stock. Barrington Research’s price objective suggests a potential upside of 46.72% from the stock’s current price.

Separately, StockNews.com downgraded shares of Carriage Services from a “buy” rating to a “hold” rating in a research note on Wednesday.

Carriage Services Stock Up 0.3 %

Shares of CSV stock traded up $0.09 on Thursday, reaching $25.90. 176,564 shares of the stock were exchanged, compared to its average volume of 93,048. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.32. The business’s 50 day moving average price is $25.40 and its 200 day moving average price is $24.33. The company has a market capitalization of $392.13 million, a price-to-earnings ratio of 12.07, a PEG ratio of 0.76 and a beta of 0.87. Carriage Services has a twelve month low of $18.06 and a twelve month high of $35.59.

Carriage Services (NYSE:CSV) last issued its earnings results on Wednesday, May 1st. The company reported $0.75 EPS for the quarter, topping analysts’ consensus estimates of $0.59 by $0.16. The firm had revenue of $103.49 million during the quarter, compared to the consensus estimate of $98.17 million. Carriage Services had a net margin of 8.73% and a return on equity of 21.39%. During the same quarter in the previous year, the firm posted $0.56 earnings per share. As a group, sell-side analysts expect that Carriage Services will post 2.25 earnings per share for the current fiscal year.

Insider Buying and Selling at Carriage Services

In other news, VP Paul Donald Elliott sold 6,500 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $25.87, for a total value of $168,155.00. Following the completion of the sale, the vice president now directly owns 38,178 shares of the company’s stock, valued at $987,664.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, VP Paul Donald Elliott sold 6,500 shares of the company’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $25.87, for a total value of $168,155.00. Following the completion of the sale, the vice president now directly owns 38,178 shares of the company’s stock, valued at $987,664.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Melvin C. Payne sold 3,524 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $25.58, for a total transaction of $90,143.92. Following the completion of the sale, the director now directly owns 1,129,809 shares of the company’s stock, valued at $28,900,514.22. The disclosure for this sale can be found here. Insiders sold 14,372 shares of company stock worth $369,521 over the last 90 days. Corporate insiders own 12.10% of the company’s stock.

Institutional Investors Weigh In On Carriage Services

Institutional investors and hedge funds have recently made changes to their positions in the business. Tower Research Capital LLC TRC raised its holdings in Carriage Services by 32.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,688 shares of the company’s stock worth $92,000 after purchasing an additional 897 shares in the last quarter. FinTrust Capital Advisors LLC purchased a new position in Carriage Services during the first quarter worth about $27,000. Mendel Money Management raised its holdings in Carriage Services by 1.6% during the third quarter. Mendel Money Management now owns 70,622 shares of the company’s stock worth $1,995,000 after purchasing an additional 1,140 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Carriage Services by 0.8% during the third quarter. Bank of New York Mellon Corp now owns 149,859 shares of the company’s stock worth $4,234,000 after purchasing an additional 1,151 shares in the last quarter. Finally, Values First Advisors Inc. raised its holdings in Carriage Services by 7.4% during the fourth quarter. Values First Advisors Inc. now owns 17,096 shares of the company’s stock worth $428,000 after purchasing an additional 1,185 shares in the last quarter. 66.46% of the stock is owned by hedge funds and other institutional investors.

About Carriage Services

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.