Shares of Scotts Miracle-Gro Co (NYSE:SMG) have earned a consensus recommendation of “Hold” from the six brokerages that are covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $104.25.
A number of analysts have weighed in on the company. KeyCorp restated a “hold” rating on shares of Scotts Miracle-Gro in a report on Saturday, November 25th. Zacks Investment Research upgraded Scotts Miracle-Gro from a “hold” rating to a “buy” rating and set a $103.00 target price for the company in a report on Thursday, February 1st. Bank of America upped their target price on Scotts Miracle-Gro from $107.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. SunTrust Banks restated a “hold” rating and set a $95.00 target price on shares of Scotts Miracle-Gro in a report on Friday, November 10th. Finally, JPMorgan Chase & Co. lowered Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 target price for the company. in a report on Wednesday, November 8th.
Scotts Miracle-Gro (NYSE SMG) traded up $1.32 during trading on Wednesday, reaching $91.21. The company’s stock had a trading volume of 356,662 shares, compared to its average volume of 809,435. 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 stock has a market capitalization of $5,190.00, a price-to-earnings ratio of 22.92, a P/E/G ratio of 1.73 and a beta of 0.20. Scotts Miracle-Gro has a one year low of $81.48 and a one year high of $110.12.
Scotts Miracle-Gro (NYSE:SMG) last posted its earnings results on Tuesday, January 30th. The basic materials company reported ($1.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.16). The company had revenue of $221.50 million for 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 firm’s quarterly revenue was down 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.96) EPS. research analysts anticipate that Scotts Miracle-Gro will post 4.7 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Friday, February 23rd will be given a dividend of $0.53 per share. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.32%. The ex-dividend date is Thursday, February 22nd. Scotts Miracle-Gro’s payout ratio is presently 53.27%.
In other news, Director Katherine Littlefield Hagedorn sold 2,892 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $89.50, for a total transaction of $258,834.00. Following the transaction, the director now directly owns 9,043 shares of the company’s stock, valued at $809,348.50. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 29.14% of the company’s stock.
Several hedge funds have recently modified their holdings of SMG. Steward Partners Investment Advisory LLC increased its position in shares of Scotts Miracle-Gro by 2,291.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,148 shares of the basic materials company’s stock worth $122,000 after purchasing an additional 1,100 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of Scotts Miracle-Gro during the fourth quarter worth $172,000. Charter Trust Co. acquired a new position in shares of Scotts Miracle-Gro during the fourth quarter worth $203,000. Carnick & Kubik Group LLC acquired a new position in shares of Scotts Miracle-Gro during the fourth quarter worth $209,000. Finally, Narwhal Capital Management acquired a new position in shares of Scotts Miracle-Gro during the fourth quarter worth $214,000. 64.87% of the stock is currently owned by institutional investors and hedge funds.
About Scotts Miracle-Gro
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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