Scotts Miracle-Gro Co (NYSE:SMG) has earned a consensus rating of “Hold” from the six ratings firms that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $101.33.
Several equities analysts have recently issued reports on SMG shares. JPMorgan Chase & Co. lowered shares of Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 price target for the company. in a report on Wednesday, November 8th. KeyCorp reissued a “hold” rating on shares of Scotts Miracle-Gro in a report on Monday, October 16th. SunTrust Banks reissued a “hold” rating and issued a $95.00 price target on shares of Scotts Miracle-Gro in a report on Friday, November 10th. Bank of America boosted their price target on shares of Scotts Miracle-Gro from $107.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Finally, Zacks Investment Research lowered shares of Scotts Miracle-Gro from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th.
In related news, Director Nancy G. Mistretta sold 5,000 shares of the business’s stock in a transaction on Friday, October 13th. The shares were sold at an average price of $100.11, for a total value of $500,550.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Ivan C. Smith sold 6,587 shares of the business’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $97.74, for a total transaction of $643,813.38. The disclosure for this sale can be found here. Insiders own 29.14% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. TimesSquare Capital Management LLC bought a new stake in Scotts Miracle-Gro during the 2nd quarter worth about $61,566,000. FIL Ltd lifted its position in Scotts Miracle-Gro by 39.2% during the 2nd quarter. FIL Ltd now owns 664,781 shares of the basic materials company’s stock worth $59,472,000 after buying an additional 187,264 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its position in Scotts Miracle-Gro by 17.7% during the 3rd quarter. Kayne Anderson Rudnick Investment Management LLC now owns 1,046,557 shares of the basic materials company’s stock worth $101,873,000 after buying an additional 157,174 shares in the last quarter. Janus Henderson Group PLC bought a new stake in Scotts Miracle-Gro during the 2nd quarter worth about $13,178,000. Finally, Eagle Asset Management Inc. lifted its position in Scotts Miracle-Gro by 44.5% during the 2nd quarter. Eagle Asset Management Inc. now owns 327,304 shares of the basic materials company’s stock worth $29,280,000 after buying an additional 100,743 shares in the last quarter. 69.18% of the stock is currently owned by institutional investors and hedge funds.
Shares of Scotts Miracle-Gro (NYSE:SMG) traded up $1.48 during mid-day trading on Tuesday, hitting $107.65. 533,484 shares of the stock traded hands, compared to its average volume of 850,721. Scotts Miracle-Gro has a one year low of $81.48 and a one year high of $109.77. The firm has a market cap of $6,180.00, a price-to-earnings ratio of 33.12, a price-to-earnings-growth ratio of 2.57 and a beta of 0.36. The company has a quick ratio of 0.87, a current ratio of 1.62 and a debt-to-equity ratio of 1.90.
Scotts Miracle-Gro (NYSE:SMG) last announced its quarterly earnings results on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.30) by $0.04. Scotts Miracle-Gro had a net margin of 7.51% and a return on equity of 37.81%. The company had revenue of $376.70 million during the quarter, compared to analyst estimates of $368.50 million. During the same quarter in the previous year, the business earned ($0.30) EPS. The firm’s revenue was up 8.0% on a year-over-year basis. sell-side analysts predict that Scotts Miracle-Gro will post 4.3 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, December 8th. Investors of record on Friday, November 24th were given a $0.53 dividend. The ex-dividend date of this dividend was Wednesday, November 22nd. This represents a $2.12 annualized dividend and a yield of 1.97%. Scotts Miracle-Gro’s dividend payout ratio is currently 65.23%.
Scotts Miracle-Gro Company Profile
The Scotts Miracle-Gro Company (Scotts Miracle-Gro) is a manufacturer and marketer of branded consumer lawn and garden products. The Company’s segments include Global Consumer. In North America, its brands include Scotts and Turf Builder lawn and grass seed products; Miracle-Gro, Nature’s Care, Scotts, LiquaFeed and Osmocote gardening and landscape products; and Ortho, Roundup, Home Defense and Tomcat branded insect control, weed control and rodent control products.
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