Scotts Miracle-Gro (SMG) Hits New 1-Year High and Low at $80.21

Shares of Scotts Miracle-Gro (NYSE:SMG) hit a new 52-week high and low during trading on Wednesday . The company traded as low as $80.21 and last traded at $82.62, with a volume of 1071085 shares changing hands. The stock had previously closed at $85.14.

A number of brokerages have commented on SMG. SunTrust Banks reduced their target price on shares of Scotts Miracle-Gro to $80.00 and set a “hold” rating for the company in a report on Wednesday. Zacks Investment Research cut shares of Scotts Miracle-Gro from a “buy” rating to a “sell” rating in a report on Tuesday. Finally, Bank of America set a $120.00 target price on shares of Scotts Miracle-Gro and gave the company a “buy” rating in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. Scotts Miracle-Gro currently has an average rating of “Hold” and an average price target of $100.50.

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The company has a debt-to-equity ratio of 3.34, a quick ratio of 0.61 and a current ratio of 2.09. The company has a market capitalization of $4,701.39, a PE ratio of 20.29, a price-to-earnings-growth ratio of 1.61 and a beta of 0.27.

Scotts Miracle-Gro (NYSE:SMG) last announced its quarterly earnings data on Tuesday, January 30th. The basic materials company reported ($1.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($0.92) by ($0.16). The firm had revenue of $221.50 million during the quarter, compared to analysts’ expectations of $237.21 million. Scotts Miracle-Gro had a return on equity of 38.33% and a net margin of 9.11%. The business’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same period last year, the company earned ($0.96) earnings per share. analysts anticipate that Scotts Miracle-Gro will post 4.62 EPS for the current fiscal year.

In related news, Director Katherine Littlefield Hagedorn sold 2,892 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $89.50, for a total transaction of $258,834.00. Following the completion of the transaction, the director now owns 9,043 shares in the company, valued at $809,348.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 29.14% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its position in Scotts Miracle-Gro by 0.9% during the fourth quarter. BlackRock Inc. now owns 3,546,354 shares of the basic materials company’s stock valued at $379,424,000 after purchasing an additional 30,264 shares during the last quarter. TimesSquare Capital Management LLC lifted its holdings in shares of Scotts Miracle-Gro by 11.2% in the 4th quarter. TimesSquare Capital Management LLC now owns 1,090,700 shares of the basic materials company’s stock worth $116,694,000 after acquiring an additional 110,250 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Scotts Miracle-Gro by 5.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 486,538 shares of the basic materials company’s stock worth $47,360,000 after acquiring an additional 24,662 shares during the last quarter. Eagle Asset Management Inc. lifted its holdings in shares of Scotts Miracle-Gro by 8.6% in the 4th quarter. Eagle Asset Management Inc. now owns 374,336 shares of the basic materials company’s stock worth $40,157,000 after acquiring an additional 29,727 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Scotts Miracle-Gro by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 339,247 shares of the basic materials company’s stock worth $36,295,000 after acquiring an additional 2,107 shares during the last quarter. Institutional investors and hedge funds own 66.63% of the company’s stock.

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Scotts Miracle-Gro Company Profile

The Scotts Miracle-Gro Company manufactures, markets, and sells consumer lawn and garden products. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It offers lawn care products, including lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products.

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