Scotts Miracle-Gro Co (NYSE:SMG) has received an average rating of “Hold” from the seven research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $98.42.
A number of equities analysts recently commented on the stock. Zacks Investment Research downgraded shares of Scotts Miracle-Gro from a “buy” rating to a “hold” rating and set a $117.00 target price for the company. in a research note on Tuesday, October 1st. ValuEngine cut Scotts Miracle-Gro from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Bank of America raised Scotts Miracle-Gro from a “neutral” rating to a “buy” rating and set a $108.00 price target for the company in a report on Friday, October 25th.
Scotts Miracle-Gro stock traded up $1.21 during trading on Tuesday, reaching $101.65. The stock had a trading volume of 299,317 shares, compared to its average volume of 473,346. Scotts Miracle-Gro has a 52-week low of $57.96 and a 52-week high of $114.63. The business has a 50 day moving average price of $101.53 and a 200 day moving average price of $101.04. The company has a quick ratio of 0.81, a current ratio of 1.68 and a debt-to-equity ratio of 2.11. The stock has a market cap of $5.67 billion, a PE ratio of 22.74, a P/E/G ratio of 2.07 and a beta of 0.78.
Scotts Miracle-Gro (NYSE:SMG) last announced its quarterly earnings data on Wednesday, November 6th. The basic materials company reported ($0.91) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.87) by ($0.04). Scotts Miracle-Gro had a net margin of 14.59% and a return on equity of 41.87%. The firm had revenue of $497.70 million during the quarter, compared to analysts’ expectations of $451.49 million. During the same period in the prior year, the company posted ($0.75) earnings per share. The company’s revenue for the quarter was up 14.7% on a year-over-year basis. On average, equities analysts predict that Scotts Miracle-Gro will post 5.02 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 26th will be issued a $0.58 dividend. This represents a $2.32 dividend on an annualized basis and a yield of 2.28%. The ex-dividend date is Monday, November 25th. Scotts Miracle-Gro’s dividend payout ratio (DPR) is 51.90%.
In related news, Director Nancy G. Mistretta sold 2,500 shares of the business’s stock in a transaction on Friday, September 6th. The shares were sold at an average price of $107.98, for a total value of $269,950.00. Following the completion of the sale, the director now directly owns 18,454 shares of the company’s stock, valued at $1,992,662.92. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Denise Stump sold 2,249 shares of the company’s stock in a transaction on Thursday, November 14th. The shares were sold at an average price of $105.92, for a total transaction of $238,214.08. Following the completion of the transaction, the executive vice president now owns 11,211 shares of the company’s stock, valued at approximately $1,187,469.12. The disclosure for this sale can be found here. Insiders sold 14,537 shares of company stock worth $1,548,237 over the last quarter. 30.37% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Optimum Investment Advisors acquired a new stake in shares of Scotts Miracle-Gro in the 3rd quarter valued at about $25,000. NEXT Financial Group Inc lifted its stake in Scotts Miracle-Gro by 806.7% in the second quarter. NEXT Financial Group Inc now owns 272 shares of the basic materials company’s stock valued at $27,000 after buying an additional 242 shares during the last quarter. Whittier Trust Co. acquired a new stake in shares of Scotts Miracle-Gro in the third quarter valued at approximately $30,000. Wealthcare Advisory Partners LLC acquired a new stake in shares of Scotts Miracle-Gro in the third quarter valued at approximately $31,000. Finally, Griffin Asset Management Inc. acquired a new stake in shares of Scotts Miracle-Gro in the second quarter valued at approximately $42,000. Institutional investors and hedge funds own 66.82% of the company’s stock.
Scotts Miracle-Gro Company Profile
The Scotts Miracle-Gro Company manufactures, markets, and sells consumer lawn and garden products in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It offers lawn care products, such as lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products.
Further Reading: Forex
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