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

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 "buy" SMG shares.
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7 equities research analysts have issued 1 year price targets for Scotts Miracle-Gro's shares. Their SMG share price forecasts range from $65.00 to $86.00. On average, they predict the company's share price to reach $76.29 in the next year. This suggests a possible upside of 17.5% from the stock's current price.
View analysts price targets for SMG or view top-rated stocks among Wall Street analysts.

Scotts Miracle-Gro's stock was trading at $48.59 on January 1st, 2023. Since then, SMG stock has increased by 33.6% and is now trading at $64.92.
View the best growth stocks for 2023 here.

Scotts Miracle-Gro saw a increase in short interest in the month of May. As of May 15th, there was short interest totaling 3,300,000 shares, an increase of 17.0% from the April 30th total of 2,820,000 shares. Based on an average daily trading volume, of 699,400 shares, the days-to-cover ratio is currently 4.7 days. Approximately 8.0% of the shares of the company are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 2nd 2023.
View our SMG earnings forecast.

The Scotts Miracle-Gro Company (NYSE:SMG) posted its quarterly earnings data on Wednesday, May, 3rd. The basic materials company reported $3.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.20 by $0.58. The basic materials company earned $1.53 billion during the quarter, compared to the consensus estimate of $1.61 billion. Scotts Miracle-Gro had a positive trailing twelve-month return on equity of 81.02% and a negative net margin of 16.57%. The firm's revenue was down 8.8% on a year-over-year basis. During the same period in the prior year, the company earned $5.03 earnings per share.

Scotts Miracle-Gro announced a quarterly dividend on Monday, April 24th. Stockholders of record on Friday, May 26th will be paid a dividend of $0.66 per share on Friday, June 9th. This represents a $2.64 annualized dividend and a yield of 4.07%. The ex-dividend date of this dividend is Thursday, May 25th.
Read our dividend analysis for SMG.

ETFs with the largest weight of Scotts Miracle-Gro (NYSE:SMG) stock in their portfolio include Cambria Cannabis ETF (TOKE), AXS Cannabis ETF (THCX), Invesco DWA Basic Materials Momentum ETF (PYZ), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), First Trust Materials AlphaDEX Fund (FXZ), Invesco S&P Ultra Dividend Revenue ETF (RDIV), Syntax Stratified MidCap ETF (SMDY) and WisdomTree U.S. SmallCap Dividend Fund (DES).

Scotts Miracle-Gro (NYSE:SMG) pays an annual dividend of $2.64 per share and currently has a dividend yield of 4.13%. 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.

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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "SMG."

Scotts Miracle-Gro's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Kayne Anderson Rudnick Investment Management LLC (8.93%), BlackRock Inc. (7.19%), Price T Rowe Associates Inc. MD (4.70%), Greenvale Capital LLP (0.00%), State Street Corp (2.26%) and Fisher Asset Management LLC (1.26%). Insiders that own company stock include Adam Hanft, David C Evans, Denise Stump, Hagedorn Partnership, LP, Ivan C Smith, James D King, James Hagedorn, John R Vines, Katherine Littlefield Hagedorn, Michael C Lukemire, Peter E Shumlin, Robert Hagedorn, 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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One share of SMG stock can currently be purchased for approximately $64.92.

Scotts Miracle-Gro (NYSE:SMG) has a market capitalization of $3.64 billion and generates $3.92 billion in revenue each year. The basic materials company earns $-437,500,000.00 in net income (profit) each year or ($11.21) on an earnings per share basis.

The company employs 6,100 workers across the globe.

Scotts Miracle-Gro's mailing address is 14111 SCOTTSLAWN ROAD, MARYSVILLE OH, 43041. The official website for the company is www.scotts.com. The basic materials company can be reached via phone at (937) 644-0011, via email at investor@scotts.com, or via fax at 937-578-5754.