The Scotts Miracle-Gro Company (NYSE:SMG) Receives $72.83 Average Target Price from Brokerages
by Danessa Lincoln · The Markets DailyShares of The Scotts Miracle-Gro Company (NYSE:SMG – Get Free Report) have received an average rating of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $73.1667.
SMG has been the topic of a number of recent research reports. Wells Fargo & Company decreased their price objective on Scotts Miracle-Gro from $75.00 to $72.00 and set an “overweight” rating on the stock in a research report on Wednesday. UBS Group set a $67.00 price objective on Scotts Miracle-Gro in a research report on Thursday, January 29th. JPMorgan Chase & Co. downgraded Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $70.00 to $67.00 in a research report on Thursday, March 26th. Weiss Ratings restated a “hold (c-)” rating on shares of Scotts Miracle-Gro in a research report on Wednesday, January 21st. Finally, Stifel Nicolaus upped their price objective on Scotts Miracle-Gro from $70.00 to $79.00 and gave the company a “buy” rating in a research report on Tuesday, March 3rd.
View Our Latest Research Report on Scotts Miracle-Gro
Insider Buying and Selling
In other news, Director Hagedorn Partnership, L.P. sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $66.40, for a total transaction of $3,320,000.00. Following the transaction, the director owned 13,167,641 shares of the company’s stock, valued at approximately $874,331,362.40. This represents a 0.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Mark J. Scheiwer bought 693 shares of the business’s stock in a transaction dated Tuesday, February 24th. The shares were acquired at an average cost of $71.44 per share, for a total transaction of $49,507.92. Following the purchase, the executive vice president owned 15,370 shares of the company’s stock, valued at approximately $1,098,032.80. The trade was a 4.72% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Corporate insiders own 24.40% of the company’s stock.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of SMG. Empowered Funds LLC grew its stake in Scotts Miracle-Gro by 26.3% in the first quarter. Empowered Funds LLC now owns 7,524 shares of the basic materials company’s stock worth $413,000 after purchasing an additional 1,569 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in Scotts Miracle-Gro by 18.5% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 149,882 shares of the basic materials company’s stock worth $8,227,000 after purchasing an additional 23,446 shares in the last quarter. Prudential Financial Inc. grew its stake in Scotts Miracle-Gro by 34.6% in the second quarter. Prudential Financial Inc. now owns 4,745 shares of the basic materials company’s stock worth $342,000 after purchasing an additional 1,219 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Scotts Miracle-Gro by 23.5% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 4,773 shares of the basic materials company’s stock worth $315,000 after purchasing an additional 907 shares in the last quarter. Finally, Invesco Ltd. grew its stake in Scotts Miracle-Gro by 71.2% in the second quarter. Invesco Ltd. now owns 247,749 shares of the basic materials company’s stock worth $16,342,000 after purchasing an additional 102,997 shares in the last quarter. Institutional investors own 74.07% of the company’s stock.
Scotts Miracle-Gro Trading Down 3.0%
NYSE:SMG opened at $60.65 on Wednesday. The company has a market capitalization of $3.52 billion, a P/E ratio of 41.26 and a beta of 1.94. Scotts Miracle-Gro has a 12 month low of $45.61 and a 12 month high of $72.35. The business’s 50-day moving average is $65.38 and its 200 day moving average is $60.29.
Scotts Miracle-Gro (NYSE:SMG – Get Free Report) last posted its earnings results on Wednesday, January 28th. The basic materials company reported ($0.77) EPS for the quarter, topping analysts’ consensus estimates of ($1.04) by $0.27. Scotts Miracle-Gro had a negative return on equity of 68.59% and a net margin of 2.68%.The company had revenue of $354.40 million for the quarter, compared to the consensus estimate of $353.25 million. During the same period in the previous year, the business earned ($0.89) earnings per share. The firm’s revenue for the quarter was down 3.3% on a year-over-year basis. Scotts Miracle-Gro has set its FY 2026 guidance at 4.150-4.35 EPS. On average, research analysts forecast that Scotts Miracle-Gro will post 3.42 earnings per share for the current year.
Scotts Miracle-Gro Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 6th. Shareholders of record on Friday, February 20th were given a dividend of $0.66 per share. The ex-dividend date was Friday, February 20th. This represents a $2.64 dividend on an annualized basis and a yield of 4.4%. Scotts Miracle-Gro’s dividend payout ratio is 179.59%.
About Scotts Miracle-Gro
Scotts Miracle-Gro Company is a leading developer, manufacturer and distributor of consumer lawn and garden products. The firm serves both retail and professional customers through an array of branded offerings that include lawn fertilizers, grass seed, pest and disease control solutions, plant foods and specialty products for indoor and outdoor gardening. Its portfolio spans well-known names such as Scotts®, Miracle-Gro®, Ortho® and various hydroponic and specialty garden brands.
Headquartered in Marysville, Ohio, the company traces its roots to O.M.