Brokerages Set The Scotts Miracle-Gro Company (NYSE:SMG) Target Price at $70.33

Shares of The Scotts Miracle-Gro Company (NYSE:SMG) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $71.00.

Several brokerages have recently weighed in on SMG. Wells Fargo & Company boosted their price target on shares of Scotts Miracle-Gro from $67.00 to $70.00 and gave the company an “overweight” rating in a research report on Thursday. Stifel Nicolaus set a $70.00 target price on shares of Scotts Miracle-Gro and gave the stock a “buy” rating in a research note on Thursday, November 6th. Jefferies Financial Group boosted their target price on shares of Scotts Miracle-Gro from $71.00 to $74.00 and gave the company a “buy” rating in a report on Wednesday, November 5th. Wall Street Zen downgraded shares of Scotts Miracle-Gro from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Scotts Miracle-Gro in a research report on Wednesday, January 21st.

Institutional Trading of Scotts Miracle-Gro

Several institutional investors and hedge funds have recently bought and sold shares of SMG. Empowered Funds LLC boosted its stake in Scotts Miracle-Gro by 26.3% during the first quarter. Empowered Funds LLC now owns 7,524 shares of the basic materials company’s stock worth $413,000 after buying an additional 1,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of Scotts Miracle-Gro by 18.5% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 149,882 shares of the basic materials company’s stock worth $8,227,000 after acquiring an additional 23,446 shares during the last quarter. Voya Investment Management LLC boosted its position in shares of Scotts Miracle-Gro by 5.3% during the 1st quarter. Voya Investment Management LLC now owns 6,743 shares of the basic materials company’s stock worth $370,000 after purchasing an additional 341 shares during the period. Parallel Advisors LLC increased its holdings in Scotts Miracle-Gro by 228.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,286 shares of the basic materials company’s stock valued at $85,000 after purchasing an additional 894 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC acquired a new stake in Scotts Miracle-Gro in the 2nd quarter valued at approximately $901,000. 74.07% of the stock is currently owned by hedge funds and other institutional investors.

Scotts Miracle-Gro Trading Up 4.0%

SMG stock opened at $65.34 on Friday. The firm has a 50-day moving average of $58.90 and a two-hundred day moving average of $59.42. Scotts Miracle-Gro has a 12 month low of $45.61 and a 12 month high of $72.23. The company has a market cap of $3.79 billion, a price-to-earnings ratio of 44.45 and a beta of 1.95.

Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings results on Wednesday, January 28th. The basic materials company reported ($0.77) EPS for the quarter, beating the consensus estimate of ($1.04) by $0.27. The firm had revenue of $354.40 million during the quarter, compared to analysts’ expectations of $353.25 million. Scotts Miracle-Gro had a negative return on equity of 68.59% and a net margin of 2.68%.The business’s revenue for the quarter was down 3.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.89) earnings per share. Scotts Miracle-Gro has set its FY 2026 guidance at 4.150-4.35 EPS. As a group, equities analysts forecast that Scotts Miracle-Gro will post 3.42 earnings per share for the current year.

Scotts Miracle-Gro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 20th will be paid a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, February 20th. Scotts Miracle-Gro’s dividend payout ratio is 109.09%.

More Scotts Miracle-Gro News

Here are the key news stories impacting Scotts Miracle-Gro this week:

• Positive Sentiment: Q1 results beat expectations — adjusted EPS loss narrowed to ($0.77) vs. consensus ($1.04), revenue slightly beat at $354.4M, and management reaffirmed FY26 EPS guidance, signaling operational resilience. SMG Q1 beat (Zacks)
• Positive Sentiment: Management announced strategic actions: divesting Hawthorne (exiting most cannabis exposure) and launching a $500M share repurchase program plus a broader multi‑year buyback plan — moves that reduce volatile cannabis risk and return capital to shareholders. Strategic pivot & buyback (MSN)
• Positive Sentiment: High‑profile analyst support: Wells Fargo bumped its price target to $70 and maintained an Overweight, and William Blair reiterated a Buy — analyst upgrades/targets can lift sentiment and attract flows. Analyst coverage (Benzinga/TickerReport)
• Neutral Sentiment: Management released multi‑year growth targets (aiming for $1B incremental sales and $1B incremental EBITDA by 2030). These are strategic positive signals but are long‑dated and execution dependent. 2030 targets (MSN)
• Neutral Sentiment: UBS nudged its price target to $66 but left a Neutral rating, reflecting continued consumer staples headwinds; expanded equity incentives were approved at the annual meeting (aligns management but could imply future dilution). UBS note (InsiderMonkey) Equity incentives (TipRanks)
• Negative Sentiment: Underlying fundamentals show strain: revenue was down ~3.3% year‑over‑year and the company still reports a negative return on equity, underscoring margin and efficiency challenges that could limit upside absent sustained execution. Q1 details (MarketBeat)

About Scotts Miracle-Gro

Scotts Miracle-Gro Company is a leading developer, manufacturer and distributor of consumer lawn and garden products. The firm serves both retail and professional customers through an array of branded offerings that include lawn fertilizers, grass seed, pest and disease control solutions, plant foods and specialty products for indoor and outdoor gardening. Its portfolio spans well-known names such as Scotts®, Miracle-Gro®, Ortho® and various hydroponic and specialty garden brands.

Headquartered in Marysville, Ohio, the company traces its roots to O.M.