Brokerages Set The Scotts Miracle-Gro Company (NYSE:SMG) Price Target at $71.17

Key Points

• The Scotts Miracle-Gro Company has received a **consensus recommendation** of "Moderate Buy" from seven analysts, with an average **12-month target price** of $71.17.
• Recent earnings reports indicate the company **beat earnings per share estimates** but showed a **1.2% decline in revenue** year-over-year.
• Scotts Miracle-Gro recently announced a **quarterly dividend** of $0.66, translating to a **4.5% annual yield**, despite a high dividend payout ratio of 347.37%.

The Scotts Miracle-Gro Company (NYSE:SMG - Get Free Report) has received a consensus rating of "Moderate Buy" from the seven brokerages that are presently covering the stock, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $71.1667.

A number of analysts recently commented on the company. Wall Street Zen upgraded Scotts Miracle-Gro from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. UBS Group set a $68.00 price target on Scotts Miracle-Gro and gave the company a "neutral" rating in a research report on Thursday, July 31st. Truist Financial set a $80.00 target price on Scotts Miracle-Gro and gave the stock a "buy" rating in a report on Monday, July 14th. Zacks Research cut Scotts Miracle-Gro from a "strong-buy" rating to a "hold" rating in a report on Friday. Finally, Stifel Nicolaus reduced their price objective on shares of Scotts Miracle-Gro from $71.00 to $70.00 and set a "hold" rating for the company in a research note on Monday, August 4th.

Scotts Miracle-Gro Stock Performance

NYSE:SMG traded down $0.03 during midday trading on Friday, reaching $58.40. 75,416 shares of the stock traded hands, compared to its average volume of 1,012,429. Scotts Miracle-Gro has a 12-month low of $45.61 and a 12-month high of $93.90. The business has a 50-day moving average of $62.77 and a two-hundred day moving average of $60.34. The stock has a market capitalization of $3.37 billion, a PE ratio of 76.93 and a beta of 1.98.

Scotts Miracle-Gro (NYSE:SMG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The basic materials company reported $2.59 EPS for the quarter, beating analysts' consensus estimates of $2.19 by $0.40. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.23 billion. Scotts Miracle-Gro had a net margin of 1.54% and a negative return on equity of 60.46%. The company's quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.31 EPS. Scotts Miracle-Gro has set its FY 2025 guidance at 3.500- EPS. Research analysts anticipate that Scotts Miracle-Gro will post 3.42 earnings per share for the current year.

Scotts Miracle-Gro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 5th. Stockholders of record on Friday, August 22nd were given a $0.66 dividend. The ex-dividend date was Friday, August 22nd. This represents a $2.64 annualized dividend and a dividend yield of 4.5%. Scotts Miracle-Gro's dividend payout ratio is currently 347.37%.

Insider Activity

In other news, Director Hagedorn Partnership, L.P. sold 56,633 shares of Scotts Miracle-Gro stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $63.02, for a total value of $3,569,011.66. Following the transaction, the director owned 13,217,641 shares of the company's stock, valued at $832,975,735.82. The trade was a 0.43% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Mark J. Scheiwer purchased 1,790 shares of the stock in a transaction on Wednesday, September 3rd. The stock was acquired at an average cost of $61.32 per share, for a total transaction of $109,762.80. Following the acquisition, the executive vice president directly owned 10,130 shares in the company, valued at approximately $621,171.60. This trade represents a 21.46% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 25.37% of the company's stock.

Institutional Trading of Scotts Miracle-Gro

Hedge funds and other institutional investors have recently bought and sold shares of the stock. American National Bank & Trust bought a new position in shares of Scotts Miracle-Gro in the 2nd quarter worth $28,000. Spire Wealth Management raised its holdings in Scotts Miracle-Gro by 477.9% in the 1st quarter. Spire Wealth Management now owns 549 shares of the basic materials company's stock valued at $30,000 after acquiring an additional 454 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Scotts Miracle-Gro by 479.4% during the first quarter. UMB Bank n.a. now owns 562 shares of the basic materials company's stock valued at $31,000 after acquiring an additional 465 shares in the last quarter. Avalon Trust Co acquired a new position in shares of Scotts Miracle-Gro during the first quarter valued at approximately $41,000. Finally, Byrne Asset Management LLC acquired a new stake in shares of Scotts Miracle-Gro during the 2nd quarter valued at $45,000. Hedge funds and other institutional investors own 74.07% of the company's stock.

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.