Numerai GP LLC Sells 9,251 Shares of The Scotts Miracle-Gro Company (NYSE:SMG)

Numerai GP LLC decreased its stake in The Scotts Miracle-Gro Company (NYSE:SMG - Free Report) by 74.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,172 shares of the basic materials company's stock after selling 9,251 shares during the period. Numerai GP LLC's holdings in Scotts Miracle-Gro were worth $210,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Park Avenue Securities LLC increased its stake in Scotts Miracle-Gro by 28.0% in the fourth quarter. Park Avenue Securities LLC now owns 8,839 shares of the basic materials company's stock valued at $586,000 after purchasing an additional 1,934 shares during the last quarter. Ameritas Advisory Services LLC increased its stake in Scotts Miracle-Gro by 7.9% in the fourth quarter. Ameritas Advisory Services LLC now owns 15,704 shares of the basic materials company's stock valued at $1,042,000 after purchasing an additional 1,155 shares during the last quarter. Mitchell & Pahl Private Wealth LLC increased its stake in Scotts Miracle-Gro by 6.2% in the fourth quarter. Mitchell & Pahl Private Wealth LLC now owns 9,954 shares of the basic materials company's stock valued at $660,000 after purchasing an additional 584 shares during the last quarter. Compass Wealth Management LLC increased its stake in Scotts Miracle-Gro by 3.7% in the fourth quarter. Compass Wealth Management LLC now owns 70,123 shares of the basic materials company's stock valued at $4,652,000 after purchasing an additional 2,497 shares during the last quarter. Finally, PFG Investments LLC increased its stake in 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 valued at $214,000 after purchasing an additional 141 shares during the last quarter. Institutional investors and hedge funds own 74.07% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Jefferies Financial Group raised Scotts Miracle-Gro from a "hold" rating to a "buy" rating and lowered their price target for the company from $72.00 to $69.00 in a research report on Monday, April 7th. JPMorgan Chase & Co. lowered their price target on Scotts Miracle-Gro from $80.00 to $65.00 and set an "overweight" rating for the company in a research report on Thursday, May 1st. Truist Financial raised Scotts Miracle-Gro from a "hold" rating to a "buy" rating and set a $70.00 price target for the company in a research report on Wednesday, April 2nd. UBS Group lowered their price target on Scotts Miracle-Gro from $55.00 to $54.00 and set a "neutral" rating for the company in a research report on Thursday, May 1st. Finally, Stifel Nicolaus raised 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. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Scotts Miracle-Gro presently has a consensus rating of "Moderate Buy" and a consensus target price of $65.83.

Scotts Miracle-Gro Price Performance

Shares of NYSE SMG traded up $0.02 during trading hours on Tuesday, hitting $62.84. 575,928 shares of the stock were exchanged, compared to its average volume of 962,900. The Scotts Miracle-Gro Company has a one year low of $45.61 and a one year high of $93.90. The company's 50 day moving average is $55.07 and its 200 day moving average is $64.70. The firm has a market capitalization of $3.63 billion, a P/E ratio of -130.91 and a beta of 1.98.

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

Scotts Miracle-Gro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 6th. Stockholders of record on Friday, May 23rd will be issued a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Friday, May 23rd. Scotts Miracle-Gro's payout ratio is 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.