Scotts Miracle-Gro (NYSE:SMG) Given New $67.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan cut its price target on Scotts Miracle-Gro from $70 to $67 and maintained a neutral rating, implying about 1% upside from the prior close.
• Analyst sentiment overall remains more positive: Scotts has a consensus “Moderate Buy” rating and an average price target of $73.40.
• The latest quarter’s loss of $2.16 per share was slightly narrower than expected, but revenue of $302.9 million missed estimates and fell 10.9% year over year.

Scotts Miracle-Gro (NYSE:SMG - Get Free Report) had its price objective reduced by JPMorgan Chase & Co. from $70.00 to $67.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a "neutral" rating on the basic materials company's stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 1.01% from the company's previous close.

A number of other brokerages have also weighed in on SMG. UBS Group raised Scotts Miracle-Gro from a "neutral" rating to a "buy" rating and cut their price objective for the company from $78.00 to $70.00 in a report on Thursday, October 15th. Stifel Nicolaus decreased their target price on Scotts Miracle-Gro from $76.00 to $75.00 and set a "buy" rating for the company in a report on Tuesday, September 29th. Weiss Ratings lowered Scotts Miracle-Gro from a "hold (c)" rating to a "hold (c-)" rating in a research report on Tuesday, October 6th. Wells Fargo & Company increased their price target on shares of Scotts Miracle-Gro from $71.00 to $76.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Citigroup reiterated an "overweight" rating on shares of Scotts Miracle-Gro in a report on Monday. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, Scotts Miracle-Gro has a consensus rating of "Moderate Buy" and a consensus target price of $73.40.

Scotts Miracle-Gro Price Performance

NYSE SMG traded down $0.86 during trading on Thursday, hitting $66.33. The company's stock had a trading volume of 1,905,713 shares, compared to its average volume of 985,308. The company has a market cap of $3.86 billion, a PE ratio of 57.68 and a beta of 1.87. The business's 50 day simple moving average is $55.50 and its 200-day simple moving average is $61.93. Scotts Miracle-Gro has a fifty-two week low of $47.90 and a fifty-two week high of $75.34.

Scotts Miracle-Gro (NYSE:SMG - Get Free Report) last posted its quarterly earnings data on Wednesday, November 4th. The basic materials company reported ($2.16) earnings per share (EPS) for the quarter, beating the consensus estimate of ($2.21) by $0.05. The firm had revenue of $302.90 million for the quarter, compared to the consensus estimate of $306.11 million. Scotts Miracle-Gro had a net margin of 2.19% and a negative return on equity of 81.90%. The company's revenue for the quarter was down 10.9% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($2.63) earnings per share. Analysts expect that Scotts Miracle-Gro will post 4.39 EPS for the current fiscal year.

Insider Transactions at Scotts Miracle-Gro

In other Scotts Miracle-Gro news, Director Mark D. Kingdon sold 831 shares of the business's stock in a transaction that occurred on Monday, August 10th. The stock was sold at an average price of $61.65, for a total transaction of $51,231.15. Following the completion of the sale, the director directly owned 10,827 shares in the company, valued at approximately $667,484.55. The trade was a 7.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 24.40% of the company's stock.

Hedge Funds Weigh In On Scotts Miracle-Gro

A number of hedge funds have recently made changes to their positions in SMG. Cassaday & Co Wealth Management LLC purchased a new stake in shares of Scotts Miracle-Gro in the 1st quarter valued at approximately $26,000. Fortitude Family Office LLC raised its position in shares of Scotts Miracle-Gro by 2,021.4% during the 3rd quarter. Fortitude Family Office LLC now owns 594 shares of the basic materials company's stock valued at $30,000 after buying an additional 566 shares during the period. Elevation Wealth Partners LLC raised its position in shares of Scotts Miracle-Gro by 394.1% during the 2nd quarter. Elevation Wealth Partners LLC now owns 751 shares of the basic materials company's stock valued at $51,000 after buying an additional 599 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Scotts Miracle-Gro by 661.9% in the first quarter. EverSource Wealth Advisors LLC now owns 1,219 shares of the basic materials company's stock valued at $74,000 after acquiring an additional 1,059 shares during the last quarter. Finally, Hilltop National Bank lifted its holdings in Scotts Miracle-Gro by 81.7% in the second quarter. Hilltop National Bank now owns 1,641 shares of the basic materials company's stock valued at $112,000 after acquiring an additional 738 shares during the last quarter. Institutional investors and hedge funds own 74.07% of the company's stock.

Key Scotts Miracle-Gro News

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

• Positive Sentiment: SMG forecast fiscal 2027 adjusted EPS of $4.70–$4.90 and sales growth of 2%–4%, citing contributions from Black Kow and targeted pricing. The outlook for continued growth helped lift sentiment after the results. Fiscal 2027 outlook
• Positive Sentiment: For fiscal 2026, the company said gross margins expanded, adjusted EPS exceeded its guidance, and it strengthened its balance sheet—evidence of improved financial discipline. Fiscal 2026 results
• Positive Sentiment: One valuation analysis argued SMG could be about 18% undervalued, with the 2027 outlook improving the investment case. This is an analyst/model view, not a company forecast. Valuation analysis
• Positive Sentiment: The company declared a quarterly dividend of $0.66 per share, equivalent to $2.64 annually.
• Negative Sentiment: Fourth-quarter revenue was $302.9 million, below analysts’ $306.1 million estimate and down 10.9% year over year. The adjusted loss of $2.16 per share was narrower than expected, but still a loss. Q4 results and guidance

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.