Scotts Miracle-Gro Company (The) (SMG) Earns “Hold” Rating from KeyCorp

Scotts Miracle-Gro Company (The) (NYSE:SMG)‘s stock had its “hold” rating reissued by equities researchers at KeyCorp in a research note issued on Saturday.

A number of other research analysts also recently weighed in on the company. SunTrust Banks, Inc. reissued a “hold” rating and issued a $95.00 target price on shares of Scotts Miracle-Gro in a report on Friday, November 10th. Bank of America Corporation increased their target price on Scotts Miracle-Gro from $107.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. J P Morgan Chase & Co downgraded Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 target price on the stock. in a report on Wednesday, November 8th. Zacks Investment Research downgraded Scotts Miracle-Gro from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Finally, BidaskClub raised Scotts Miracle-Gro from a “sell” rating to a “hold” rating in a report on Wednesday, August 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. Scotts Miracle-Gro presently has a consensus rating of “Hold” and an average price target of $101.33.

Scotts Miracle-Gro (SMG) opened at $97.77 on Friday. Scotts Miracle-Gro has a 1-year low of $81.48 and a 1-year high of $102.50. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.62 and a quick ratio of 0.87. The firm has a market capitalization of $5,710.84, a PE ratio of 23.33, a price-to-earnings-growth ratio of 2.31 and a beta of 0.37.

Scotts Miracle-Gro (NYSE:SMG) last posted its earnings results on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.30) by $0.04. Scotts Miracle-Gro had a return on equity of 37.81% and a net margin of 7.51%. The company had revenue of $376.70 million for the quarter, compared to the consensus estimate of $368.50 million. During the same quarter in the prior year, the company earned ($0.30) earnings per share. Scotts Miracle-Gro’s revenue was up 8.0% on a year-over-year basis. equities research analysts forecast that Scotts Miracle-Gro will post 4.3 EPS for the current year.

In other news, Chairman James Hagedorn sold 16,000 shares of the firm’s stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $94.37, for a total value of $1,509,920.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Hagedorn Partnership, L.P. sold 32,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now directly owns 15,759,274 shares in the company, valued at approximately $1,487,202,687.38. The disclosure for this sale can be found here. Insiders sold 76,813 shares of company stock worth $7,305,119 in the last ninety days. Corporate insiders own 28.16% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of SMG. Bank of Montreal Can raised its stake in Scotts Miracle-Gro by 13.0% during the 2nd quarter. Bank of Montreal Can now owns 24,451 shares of the basic materials company’s stock valued at $2,187,000 after purchasing an additional 2,814 shares during the period. Creative Planning raised its stake in Scotts Miracle-Gro by 44.5% during the 2nd quarter. Creative Planning now owns 2,097 shares of the basic materials company’s stock valued at $188,000 after purchasing an additional 646 shares during the period. Oregon Public Employees Retirement Fund raised its stake in Scotts Miracle-Gro by 4.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 16,433 shares of the basic materials company’s stock valued at $1,470,000 after purchasing an additional 719 shares during the period. LS Investment Advisors LLC raised its stake in Scotts Miracle-Gro by 16.3% during the 2nd quarter. LS Investment Advisors LLC now owns 3,440 shares of the basic materials company’s stock valued at $308,000 after purchasing an additional 483 shares during the period. Finally, Aperio Group LLC raised its stake in Scotts Miracle-Gro by 19.4% during the 2nd quarter. Aperio Group LLC now owns 22,515 shares of the basic materials company’s stock valued at $2,014,000 after purchasing an additional 3,654 shares during the period. 69.04% of the stock is currently owned by hedge funds and other institutional investors.

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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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