Scotts Miracle-Gro Stock Price, News & Analysis (NYSE:SMG)

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Scotts Miracle-Gro in the last year. There are currently 3 hold ratings, 3 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" SMG shares.
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7 Wall Street analysts have issued 12 month price targets for Scotts Miracle-Gro's shares. Their SMG share price targets range from $49.00 to $80.00. On average, they expect the company's stock price to reach $67.00 in the next twelve months. This suggests a possible upside of 10.6% from the stock's current price.
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Scotts Miracle-Gro's stock was trading at $48.59 on January 1st, 2023. Since then, SMG stock has increased by 24.7% and is now trading at $60.60.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 7th 2024.
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The Scotts Miracle-Gro Company (NYSE:SMG) released its quarterly earnings results on Wednesday, November, 1st. The basic materials company reported ($2.77) EPS for the quarter, beating analysts' consensus estimates of ($2.83) by $0.06. The basic materials company earned $374.50 million during the quarter, compared to analysts' expectations of $332.16 million. Scotts Miracle-Gro had a negative net margin of 10.70% and a positive trailing twelve-month return on equity of 421.70%. Scotts Miracle-Gro's quarterly revenue was down 24.1% on a year-over-year basis. During the same quarter last year, the business posted ($2.04) earnings per share.

Scotts Miracle-Gro declared a quarterly dividend on Tuesday, October 31st. Stockholders of record on Monday, November 27th will be paid a dividend of $0.66 per share on Friday, December 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.36%. The ex-dividend date of this dividend is Friday, November 24th.
Read our dividend analysis for SMG.

Scotts Miracle-Gro (NYSE:SMG) pays an annual dividend of $2.64 per share and currently has a dividend yield of 4.29%. SMG has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for SMG.

ETFs with the largest weight of Scotts Miracle-Gro (NYSE:SMG) stock in their portfolio include AXS Cannabis ETF (THCX), Cambria Cannabis ETF (TOKE), Aztlan Global Stock Selection DM SMID ETF (AZTD), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Invesco Dorsey Wright Basic Materials Momentum ETF (PYZ), Syntax Stratified MidCap ETF (SMDY), ETFMG Alternative Harvest ETF (MJ) and WisdomTree U.S. SmallCap Dividend Fund (DES).

284 employees have rated Scotts Miracle-Gro Chief Executive Officer Jim Hagedorn on Glassdoor.com. Jim Hagedorn has an approval rating of 95% among the company's employees. This puts Jim Hagedorn in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Scotts Miracle-Gro investors own include Hawkins (HWKN), CA (CA), BlackRock (BLK), Endologix (ELGX), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Micron Technology (MU), AutoZone (AZO) and

Scotts Miracle-Gro's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (8.72%), Earnest Partners LLC (4.83%), Northern Trust Corp (1.80%), Empower Advisory Group LLC (1.61%), Morgan Stanley (1.29%) and Bank of New York Mellon Corp (1.28%). Insiders that own company stock include David C Evans, Denise Stump, Hagedorn Partnership, LP, Ivan C Smith, James D King, James Hagedorn, Julie Demuesy, Katherine Littlefield Hagedorn, Michael C Lukemire, Peter E Shumlin, Stephen L Johnson and Susan Hagedorn.
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Shares of SMG stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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