Scotts Miracle-Gro (NYSE:SMG) Price Target Raised to $71.00

Scotts Miracle-Gro (NYSE:SMG) had its target price lifted by Wells Fargo & Company from $60.00 to $71.00 in a report issued on Monday, MarketBeat reports. They currently have an overweight rating on the basic materials company’s stock.

Other equities analysts also recently issued reports about the stock. Citigroup reissued an “overweight” rating on shares of Scotts Miracle-Gro in a research note on Monday. Weiss Ratings cut shares of Scotts Miracle-Gro from a “hold (c)” rating to a “hold (c-)” rating in a research note on Tuesday, October 6th. Stifel Nicolaus cut their price objective on shares of Scotts Miracle-Gro from $76.00 to $75.00 and set a “buy” rating for the company in a report on Tuesday, September 29th. Wall Street Zen downgraded shares of Scotts Miracle-Gro from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Finally, UBS Group raised shares of Scotts Miracle-Gro from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $78.00 to $70.00 in a research note on Thursday, October 15th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $72.40.

Scotts Miracle-Gro Stock Performance

NYSE SMG opened at $67.24 on Monday. The business has a fifty day moving average price of $55.50 and a 200 day moving average price of $61.93. The company has a market cap of $3.91 billion, a P/E ratio of 58.47 and a beta of 1.87. Scotts Miracle-Gro has a one year low of $47.90 and a one year high of $75.34.

Scotts Miracle-Gro (NYSE:SMG) last announced its earnings results on Wednesday, November 4th. The basic materials company reported ($2.16) earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.21) by $0.05. Scotts Miracle-Gro had a net margin of 2.19% and a negative return on equity of 81.90%. The company had revenue of $302.90 million for the quarter, compared to analysts’ expectations of $306.11 million. During the same quarter in the previous year, the company posted ($2.63) EPS. The firm’s quarterly revenue was down 10.9% on a year-over-year basis. As a group, sell-side analysts predict that Scotts Miracle-Gro will post 4.39 EPS for the current fiscal year.

Scotts Miracle-Gro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 20th will be issued a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, November 20th. Scotts Miracle-Gro’s payout ratio is currently 229.57%.

Insider Buying and Selling at Scotts Miracle-Gro

In related news, Director Mark D. Kingdon sold 831 shares of the company’s stock in a transaction dated Monday, August 10th. The shares were sold at an average price of $61.65, for a total value of $51,231.15. Following the completion of the sale, the director owned 10,827 shares of the company’s stock, valued at approximately $667,484.55. This represents a 7.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 24.40% of the company’s stock.

Hedge Funds Weigh In On Scotts Miracle-Gro

Several institutional investors and hedge funds have recently bought and sold shares of SMG. Arrowstreet Capital Limited Partnership grew its holdings in shares of Scotts Miracle-Gro by 161.1% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,289,974 shares of the basic materials company’s stock worth $78,443,000 after purchasing an additional 795,970 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Scotts Miracle-Gro by 8.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 895,841 shares of the basic materials company’s stock worth $54,475,000 after purchasing an additional 72,179 shares during the last quarter. Epoch Investment Partners Inc. purchased a new stake in Scotts Miracle-Gro in the 1st quarter valued at about $50,058,000. Bank of America Corp DE increased its position in shares of Scotts Miracle-Gro by 16.4% during the first quarter. Bank of America Corp DE now owns 658,602 shares of the basic materials company’s stock valued at $40,050,000 after acquiring an additional 92,614 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its stake in shares of Scotts Miracle-Gro by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 544,253 shares of the basic materials company’s stock valued at $33,096,000 after acquiring an additional 1,486 shares during the period. 74.07% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Scotts Miracle-Gro

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

• Positive Sentiment: Scotts reported a fiscal Q4 loss of $2.16 per share, narrower than analysts’ expected loss of $2.21. For fiscal 2026, adjusted EPS exceeded company guidance, while gross margins expanded and management said it significantly strengthened the balance sheet. Fiscal 2026 results
• Positive Sentiment: Management forecast fiscal 2027 adjusted EPS of $4.70–$4.90 and sales growth of 2%–4%. The company expects growth to be supported by its Black Kow acquisition and targeted pricing, giving investors a concrete path to improved results. Fiscal 2027 outlook
• Neutral Sentiment: The company declared a quarterly dividend of $0.66 per share, payable December 4 to shareholders of record November 20. The payout may appeal to income-focused investors, though it does not resolve the company’s sales challenges. Dividend announcement
• Negative Sentiment: Quarterly revenue was $302.9 million, below analysts’ $306.1 million estimate and down 10.9% year over year. The revenue shortfall highlights continued near-term demand pressure. Fiscal Q4 results

About Scotts Miracle-Gro

Scotts Miracle-Gro Company is a provider of consumer lawn and garden products headquartered in Marysville, Ohio. The company develops and markets products designed to help consumers grow and maintain lawns, gardens, landscapes and indoor plants.

Its portfolio includes lawn fertilizers, grass seed, plant food, gardening products, pest-control solutions, soils and related growing supplies. Key consumer brands include Scotts, Miracle-Gro, Ortho and Tomcat. The company also has a history of serving the controlled-environment agriculture and hydroponics markets through specialized growing products and supplies.

Scotts Miracle-Gro was founded in 1868 and has built a broad distribution network serving retail customers, garden centers and other outlets.