Scotts Miracle-Gro - SMG Stock Forecast, Price & News

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. The company also offers hydroponic products that help users to grow plants, flowers, and vegetables using little or no soil; lighting systems and components for use in hydroponic and indoor gardening applications; insect, rodent, and weed control products for home areas; and non-selective weed killer products. It sells its products under the Scotts, Turf Builder, EZ Seed, PatchMaster, Thick'R Lawn, GrubEx, EdgeGuard, Handy Green II, Miracle-Gro, LiquaFeed, Osmocote, Shake 'N Feed, Hyponex, Earthgro, SuperSoil, Fafard, Nature Scapes, Ortho, Miracle-Gro Performance Organics, Miracle-Gro Organic Choice, Whitney Farms, EcoScraps, Mother Earth, Botanicare, Hydroponics, Vermicrop, Gavita, Agrolux, Can-Filters, Sun System, Gro Pro, Hurricane, AeroGarden, Titan, Tomcat, Ortho Weed B Gon, Roundup, Groundclear, and Alchemist brands. The company serves home centers, mass merchandisers, warehouse clubs, large hardware chains, independent hardware stores, nurseries, garden centers, e-commerce platforms, and food and drug stores, as well as indoor gardening and hydroponic distributors, retailers, and growers. The Scotts Miracle-Gro Company was founded in 1868 and is headquartered in Marysville, Ohio.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Raymond James decreased their target price on Scotts Miracle-Gro from $110.00 to $100.00 and set a "strong-buy" rating for the company in a research note on Thursday, August 4th. Truist Financial cut Scotts Miracle-Gro from a "buy" rating to a "hold" rating and cut their price target for the company from $185.00 to $85.00 in a report on Wednesday, June 8th. Wells Fargo & Company cut Scotts Miracle-Gro from an "overweight" rating to an "equal weight" rating and cut their price target for the company from $115.00 to $85.00 in a report on Wednesday, June 22nd. UBS Group cut their price target on Scotts Miracle-Gro from $92.00 to $86.00 and set a "neutral" rating for the company in a report on Wednesday, August 3rd. Finally, Stifel Nicolaus cut their price target on Scotts Miracle-Gro from $116.00 to $93.00 in a report on Tuesday, June 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $113.88.

Scotts Miracle-Gro Stock Down 0.5 %

Shares of SMG opened at $81.59 on Friday. Scotts Miracle-Gro has a 1 year low of $72.58 and a 1 year high of $180.43. The company has a debt-to-equity ratio of 7.55, a current ratio of 2.42 and a quick ratio of 1.10. The stock has a 50 day simple moving average of $83.30 and a 200-day simple moving average of $106.40.

Scotts Miracle-Gro (NYSE:SMG - Get Rating) last issued its earnings results on Wednesday, August 3rd. The basic materials company reported $1.98 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.23 billion. During the same period in the prior year, the firm posted $3.98 EPS. Scotts Miracle-Gro's quarterly revenue was down 26.3% compared to the same quarter last year. As a group, equities research analysts expect that Scotts Miracle-Gro will post 4.12 earnings per share for the current fiscal year.

Scotts Miracle-Gro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Friday, August 26th will be issued a $0.66 dividend. The ex-dividend date is Thursday, August 25th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.24%. Scotts Miracle-Gro's payout ratio is presently -54.66%.