The Scotts Miracle-Gro Company (NYSE:SMG - Get Rating) has earned an average recommendation of "Hold" from the nine research firms that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $92.00.
SMG has been the subject of a number of research analyst reports. TheStreet cut shares of Scotts Miracle-Gro from a "c" rating to a "d+" rating in a report on Wednesday, August 3rd. Stifel Nicolaus decreased their target price on Scotts Miracle-Gro from $116.00 to $93.00 in a research report on Tuesday, June 14th. Wells Fargo & Company dropped their price target on Scotts Miracle-Gro from $85.00 to $75.00 and set an "equal weight" rating for the company in a research report on Thursday, September 1st. JPMorgan Chase & Co. lowered shares of Scotts Miracle-Gro from an "overweight" rating to a "neutral" rating and decreased their price objective for the stock from $130.00 to $95.00 in a research report on Thursday, June 9th. Finally, Raymond James dropped their target price on shares of Scotts Miracle-Gro from $110.00 to $100.00 and set a "strong-buy" rating for the company in a report on Thursday, August 4th.
Scotts Miracle-Gro Stock Performance
Shares of SMG stock opened at $53.44 on Friday. The company has a current ratio of 2.42, a quick ratio of 1.10 and a debt-to-equity ratio of 7.55. Scotts Miracle-Gro has a 12-month low of $53.30 and a 12-month high of $180.43. The company has a market cap of $2.96 billion, a price-to-earnings ratio of -11.06 and a beta of 1.30. The stock has a 50 day simple moving average of $75.68 and a 200-day simple moving average of $94.73.
Scotts Miracle-Gro (NYSE:SMG - Get Rating) last released its earnings results on Wednesday, August 3rd. The basic materials company reported $1.98 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.28. Scotts Miracle-Gro had a positive return on equity of 36.80% and a negative net margin of 6.36%. The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company earned $3.98 earnings per share. Scotts Miracle-Gro's quarterly revenue was down 26.3% compared to the same quarter last year. On average, equities analysts forecast that Scotts Miracle-Gro will post 4.11 EPS for the current year.
Scotts Miracle-Gro Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, September 9th. Shareholders of record on Friday, August 26th were paid a dividend of $0.66 per share. The ex-dividend date of this dividend was Thursday, August 25th. This represents a $2.64 annualized dividend and a dividend yield of 4.94%. Scotts Miracle-Gro's dividend payout ratio is currently -54.66%.
Hedge Funds Weigh In On Scotts Miracle-Gro
Several institutional investors and hedge funds have recently modified their holdings of the company. Amundi lifted its stake in shares of Scotts Miracle-Gro by 13.1% during the 2nd quarter. Amundi now owns 193,770 shares of the basic materials company's stock worth $15,324,000 after purchasing an additional 22,480 shares during the period. Captrust Financial Advisors lifted its position in Scotts Miracle-Gro by 5.7% during the second quarter. Captrust Financial Advisors now owns 3,314 shares of the basic materials company's stock worth $262,000 after buying an additional 178 shares during the period. SRS Capital Advisors Inc. boosted its stake in Scotts Miracle-Gro by 208.1% in the 2nd quarter. SRS Capital Advisors Inc. now owns 379 shares of the basic materials company's stock worth $30,000 after buying an additional 256 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in Scotts Miracle-Gro in the 2nd quarter valued at about $123,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Scotts Miracle-Gro by 26.5% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 1,661,229 shares of the basic materials company's stock valued at $131,220,000 after acquiring an additional 347,852 shares during the last quarter. Hedge funds and other institutional investors own 66.81% of the company's stock.
About Scotts Miracle-Gro
The Scotts Miracle-Gro Company engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It provides lawn care products comprising lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products; gardening and landscape products include water-soluble and continuous-release plant foods, potting mixes and garden soils, mulch and decorative groundcover products, plant-related pest and disease control products, organic garden products, and lives goods and seeding solutions.
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