Scotts Miracle-Gro Company (The) (SMG) Given Average Rating of “Hold” by Analysts

Shares of Scotts Miracle-Gro Company (The) (NYSE:SMG) have earned a consensus rating of “Hold” from the six analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $100.00.

SMG has been the subject of a number of research analyst reports. Zacks Investment Research downgraded Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. KeyCorp restated a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a research report on Monday, August 28th. Finally, BidaskClub downgraded Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th.

Scotts Miracle-Gro Company (SMG) traded down 1.29% during trading on Thursday, reaching $98.33. The company had a trading volume of 232,544 shares. The company has a 50-day moving average of $96.78 and a 200-day moving average of $93.06. The firm has a market capitalization of $5.74 billion, a P/E ratio of 26.53 and a beta of 0.39. Scotts Miracle-Gro Company has a 52-week low of $81.48 and a 52-week high of $101.00.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last issued its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.51 by $0.12. The business had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. Scotts Miracle-Gro Company (The) had a return on equity of 36.28% and a net margin of 7.85%. The business’s revenue was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm posted $2.16 earnings per share. Analysts expect that Scotts Miracle-Gro Company will post $4.08 EPS for the current fiscal year.

WARNING: “Scotts Miracle-Gro Company (The) (SMG) Given Average Rating of “Hold” by Analysts” was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this piece on another website, it was copied illegally and republished in violation of international trademark and copyright legislation. The original version of this piece can be viewed at https://www.dispatchtribunal.com/2017/10/28/scotts-miracle-gro-company-the-smg-given-average-rating-of-hold-by-analysts.html.

In other Scotts Miracle-Gro Company (The) news, Director Nancy G. Mistretta sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, October 13th. The stock was sold at an average price of $100.11, for a total value of $500,550.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Hagedorn Partnership, L.P. sold 32,000 shares of the company’s stock in a transaction that occurred on Monday, August 28th. The stock was sold at an average price of $94.37, for a total value of $3,019,840.00. Following the completion of the sale, the insider now owns 15,759,274 shares of the company’s stock, valued at $1,487,202,687.38. The disclosure for this sale can be found here. Insiders sold 261,085 shares of company stock valued at $24,987,438 over the last 90 days. 28.16% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Perpetual Ltd acquired a new stake in Scotts Miracle-Gro Company (The) in the second quarter worth approximately $2,632,000. Cetera Investment Advisers acquired a new stake in shares of Scotts Miracle-Gro Company (The) during the 2nd quarter valued at $247,000. WINTON GROUP Ltd lifted its position in shares of Scotts Miracle-Gro Company (The) by 91.0% during the 2nd quarter. WINTON GROUP Ltd now owns 65,578 shares of the basic materials company’s stock valued at $5,867,000 after acquiring an additional 31,240 shares during the last quarter. National Asset Management Inc. acquired a new stake in shares of Scotts Miracle-Gro Company (The) during the 2nd quarter valued at $312,000. Finally, Ameritas Investment Partners Inc. lifted its position in shares of Scotts Miracle-Gro Company (The) by 0.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,733 shares of the basic materials company’s stock valued at $1,228,000 after acquiring an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 69.07% of the company’s stock.

Scotts Miracle-Gro Company (The) 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.

Receive News & Ratings for Scotts Miracle-Gro Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scotts Miracle-Gro Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply