Numerai GP LLC Has $210,000 Holdings in The Scotts Miracle-Gro Company (NYSE:SMG)

Numerai GP LLC cut its holdings in shares of The Scotts Miracle-Gro Company (NYSE:SMG - Free Report) by 74.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,172 shares of the basic materials company's stock after selling 9,251 shares during the quarter. Numerai GP LLC's holdings in Scotts Miracle-Gro were worth $210,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. PFG Investments LLC increased its stake in shares of Scotts Miracle-Gro by 4.6% in the fourth quarter. PFG Investments LLC now owns 3,226 shares of the basic materials company's stock worth $214,000 after acquiring an additional 141 shares during the last quarter. US Bancorp DE grew its stake in Scotts Miracle-Gro by 0.4% in the fourth quarter. US Bancorp DE now owns 42,303 shares of the basic materials company's stock valued at $2,807,000 after purchasing an additional 154 shares in the last quarter. Investment House LLC increased its position in Scotts Miracle-Gro by 0.3% in the 4th quarter. Investment House LLC now owns 61,190 shares of the basic materials company's stock worth $4,059,000 after purchasing an additional 195 shares during the last quarter. Huntington National Bank raised its stake in shares of Scotts Miracle-Gro by 5.8% during the 4th quarter. Huntington National Bank now owns 3,664 shares of the basic materials company's stock worth $243,000 after purchasing an additional 200 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its holdings in shares of Scotts Miracle-Gro by 77.3% during the 4th quarter. Tortoise Investment Management LLC now owns 516 shares of the basic materials company's stock valued at $34,000 after buying an additional 225 shares during the last quarter. 74.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently commented on SMG. UBS Group dropped their price objective on Scotts Miracle-Gro from $55.00 to $54.00 and set a "neutral" rating on the stock in a report on Thursday, May 1st. Stifel Nicolaus raised shares of Scotts Miracle-Gro from a "hold" rating to a "buy" rating and decreased their target price for the stock from $78.00 to $70.00 in a research report on Tuesday, March 4th. JPMorgan Chase & Co. cut their price target on shares of Scotts Miracle-Gro from $80.00 to $65.00 and set an "overweight" rating on the stock in a report on Thursday, May 1st. Jefferies Financial Group raised shares of Scotts Miracle-Gro from a "hold" rating to a "buy" rating and reduced their price objective for the company from $72.00 to $69.00 in a research note on Monday, April 7th. Finally, Truist Financial raised shares of Scotts Miracle-Gro from a "hold" rating to a "buy" rating and set a $70.00 target price on the stock in a research report on Wednesday, April 2nd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat, Scotts Miracle-Gro has an average rating of "Moderate Buy" and an average price target of $65.83.

Scotts Miracle-Gro Stock Down 0.6%

Shares of NYSE:SMG traded down $0.38 during trading on Thursday, reaching $60.43. The stock had a trading volume of 196,279 shares, compared to its average volume of 961,843. The stock has a fifty day simple moving average of $55.14 and a two-hundred day simple moving average of $64.66. The Scotts Miracle-Gro Company has a 52 week low of $45.61 and a 52 week high of $93.90. The firm has a market capitalization of $3.49 billion, a price-to-earnings ratio of -126.04 and a beta of 1.98.

Scotts Miracle-Gro (NYSE:SMG - Get Free Report) last announced its earnings results on Wednesday, April 30th. The basic materials company reported $3.98 EPS for the quarter, topping the consensus estimate of $3.95 by $0.03. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.50 billion. Scotts Miracle-Gro had a negative net margin of 0.67% and a negative return on equity of 51.48%. The business's quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.69 EPS. On average, analysts forecast that The Scotts Miracle-Gro Company will post 3.42 EPS for the current year.

Scotts Miracle-Gro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a yield of 4.37%. The ex-dividend date of this dividend is Friday, May 23rd. Scotts Miracle-Gro's dividend payout ratio is currently 528.00%.

Scotts Miracle-Gro Company Profile

The Scotts Miracle-Gro Company, together with its subsidiaries, manufactures, markets, and sells products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. It operates through three segments: U.S. Consumer, Hawthorne, and Other. The company provides lawn care products, comprising lawn fertilizers, grass seed products, spreaders, and other durable products, as well as lawn-related weed, pest, and disease control products; and gardening and landscape products, which include water-soluble and continuous-release plant foods, potting mixes, garden soils, mulches and ground cover products, plant-related pest and disease control products, organic garden products, and live goods and seeding solutions.