NYSE:SMG

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

$51.68

-0.21 (-0.40%)

(As of 09/29/2023 ET)

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Today's Range: $51.48
▼
$53.56
50-Day Range: $49.80
▼
$71.46
52-Week Range: $39.06
▼
$88.61

Volume: 523,717 shs
Average Volume: 726,769 shs
Market Capitalization: $2.90 billion

P/E Ratio: N/A
Dividend Yield: 5.11%
Price Target: $67.86

Scotts Miracle-Gro MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.71 Rating Score
Upside/Downside: 31.3% Upside
$67.86 Price Target
Short Interest: Bearish
7.87% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: -5.02
Upright™ Environmental Score
News Sentiment: 1.00
Based on 7 Articles This Week
Insider Trading: Selling Shares
$6.66 M Sold Last Quarter
Proj. Earnings Growth: 168.42%
From $1.14 to $3.06 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.53 out of 5 stars

Basic Materials Sector

55th out of 168 stocks

Agricultural Chemicals Industry

4th out of 9 stocks

3.4

Analyst's Opinion

Consensus Rating
Scotts Miracle-Gro has received a consensus rating of Moderate Buy. The company's average rating score is 2.71, and is based on 3 buy ratings, 3 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $67.86, Scotts Miracle-Gro has a forecasted upside of 31.3% from its current price of $51.68.
Amount of Analyst Coverage
Scotts Miracle-Gro has only been the subject of 4 research reports in the past 90 days.

1.0

Short Interest

Percentage of Shares Shorted
7.87% of the float of Scotts Miracle-Gro has been sold short.
Short Interest Ratio / Days to Cover
Scotts Miracle-Gro has a short interest ratio ("days to cover") of 4.4.
Change versus previous month
Short interest in Scotts Miracle-Gro has recently increased by 6.86%, indicating that investor sentiment is decreasing significantly.

1.7

Dividend Strength

Dividend Leadership
Scotts Miracle-Gro is a leading dividend payer. It pays a dividend yield of 5.11%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Scotts Miracle-Gro does not have a long track record of dividend growth.
Dividend Sustainability
Based on EPS estimates, Scotts Miracle-Gro will have a dividend payout ratio of 86.27% in the coming year. This indicates that Scotts Miracle-Gro may not be able to sustain their current dividend.

1.3

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Scotts Miracle-Gro has received a -33.08% net impact score from Upright. The largest negative impact of Scotts Miracle-Gro in category "GHG emissions" seems to be driven mostly by its "PK fertilizers", "Nitrogen fertilizers", "Potassium fertilizers", and "NPK fertilizers" products. See details.
Environmental Sustainability
The Environmental Impact score for Scotts Miracle-Gro is -5.02.

3.3

News and Social Media Coverage

News Sentiment
Scotts Miracle-Gro has a news sentiment score of 1.00. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.36 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 7 news articles for Scotts Miracle-Gro this week, compared to 5 articles on an average week.
Search Interest
Only 2 people have searched for SMG on MarketBeat in the last 30 days. This is a decrease of -80% compared to the previous 30 days.
MarketBeat Follows
7 people have added Scotts Miracle-Gro to their MarketBeat watchlist in the last 30 days. This is an increase of 600% compared to the previous 30 days.

4.2

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Scotts Miracle-Gro insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $6,655,981.00 in company stock.
Percentage Held by Insiders
27.28% of the stock of Scotts Miracle-Gro is held by insiders. A high percentage of insider ownership can be a sign of company health.
Percentage Held by Institutions
70.10% of the stock of Scotts Miracle-Gro is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9

Earnings and Valuation

Earnings Growth
Earnings for Scotts Miracle-Gro are expected to grow by 168.42% in the coming year, from $1.14 to $3.06 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Scotts Miracle-Gro is -21.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Scotts Miracle-Gro is -21.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Scotts Miracle-Gro has a P/B Ratio of 19.36. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Scotts Miracle-Gro (NYSE:SMG) Stock

The Scotts Miracle-Gro Company is involved in the manufacture, marketing, and sale of 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, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products; gardening and landscape products comprising 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 live goods and seeding solutions. It 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. The company sells its products under the Scotts, Turf Builder, EZ Seed, PatchMaster, Thick'R Lawn, GrubEx, EdgeGuard, Handy Green II, Miracle-Gro, LiquaFeed, Shake N Feed, Hyponex, Earthgro, Nature Scapes, Ortho, Miracle-Gro Performance Organics, Miracle-Gro Organic Choice, Whitney Farms, EcoScraps, Mother Earth, Botanicare, General Hydroponics, Vermicrop, Cyco, Gavita, Agrolux, HydroLogic, Can-Filters, Gro Pro, Hurricane, AeroGarden, Titan, Tomcat, Ortho Weed B Gon, Roundup, Groundclear, and Alchemist brands. It 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 company was founded in 1868 and is headquartered in Marysville, Ohio.

SMG Price History

30 days | 90 days | 365 days | Advanced Chart

SMG Stock News Headlines

September 27, 2023 | marketwatch.com

Scotts Miracle-Gro President, Human-Resources Chief Retiring

September 27, 2023 | finance.yahoo.com

ScottsMiracle-Gro Announces Executive Team Retirements and Reorganization

October 1, 2023 | Behind the Markets (Ad)

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September 26, 2023 | americanbankingnews.com

The Scotts Miracle-Gro Company (NYSE:SMG) Given Consensus Rating of "Moderate Buy" by Analysts

September 11, 2023 | finance.yahoo.com

Eleventh-Hour Climbers: 7 Stocks Gearing Up for a Late Summer Surge

September 5, 2023 | markets.businessinsider.com

What 6 Analyst Ratings Have To Say About Scotts Miracle Gro

September 5, 2023 | msn.com

Barclays Maintains Scotts Miracle-Gro Company - (SMG) Equal-Weight Recommendation

September 1, 2023 | finance.yahoo.com

Scotts (SMG) Up 0.5% Since Last Earnings Report: Can It Continue?

October 1, 2023 | Goldco (Ad)

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August 30, 2023 | markets.businessinsider.com

Truist Financial Reaffirms Their Buy Rating on Scotts Miracle-Gro Company (SMG)

August 29, 2023 | finance.yahoo.com

Scotts Miracle-Gro promotes COO from within as president plans retirement

August 28, 2023 | markets.businessinsider.com

ScottsMiracle-Gro Promotes Nate Baxter To Succeed Mike Lukemire As COO

August 28, 2023 | finance.yahoo.com

ScottsMiracle-Gro Announces Promotion of Nate Baxter to COO; Mike Lukemire to Remain President Until Retirement in Fiscal 2024

August 23, 2023 | benzinga.com

Scotts Miracle Gro 10% Owner Sold $3.56M In Company Stock

August 22, 2023 | finance.yahoo.com

ScottsMiracle-Gro to hold Fireside Chat with Barclays

August 21, 2023 | seekingalpha.com

The Scotts Miracle-Gro: Real Concerns In A Stormy Environment

August 15, 2023 | finance.yahoo.com

3 Cannabis Stocks With Dividends Worth Rolling Into Your Portfolio

August 4, 2023 | msn.com

Raymond James Maintains Scotts Miracle-Gro Company - (SMG) Strong Buy Recommendation

August 4, 2023 | finance.yahoo.com

Scotts Miracle-Gro (SMG) Q3 Earnings & Sales Lag Estimates

August 3, 2023 | msn.com

Truist Securities Maintains Scotts Miracle-Gro Company - (SMG) Buy Recommendation

August 3, 2023 | finance.yahoo.com

Scotts seeks 'non-cash partnerships' for cannabis business, teases partial spinout

August 3, 2023 | msn.com

Scotts Miracle-Gro falls to 4-week low after earnings miss

August 3, 2023 | msn.com

Scotts Miracle-Gro (NYSE:SMG) Shrivels After Quarterly Results

August 3, 2023 | finance.yahoo.com

Scotts Miracle-Gro (SMG) Q3 2023 Earnings Call Transcript

August 2, 2023 | finance.yahoo.com

Scotts (SMG) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates

August 2, 2023 | finance.yahoo.com

Why Scotts Miracle-Gro Stock Was Shriveling Today

August 2, 2023 | markets.businessinsider.com

Scotts Miracle-Gro Q3 Earnings Miss Estimates; Stock Down 6% In Pre-market

See More Headlines

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SMG Company Calendar

Last Earnings: 8/02/2023
Ex-Dividend for 9/8 Dividend: 8/24/2023
Dividend Payable: 9/08/2023
Today: 10/01/2023
Next Earnings (Estimated): 11/01/2023
Fiscal Year End: 9/30/2024

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Agricultural chemicals
Sub-Industry: Fertilizers & Agricultural Chemicals
Sector: Basic Materials
Current Symbol: NYSE:SMG
CUSIP: 81018610
CIK: 825542
Web: www.scotts.com
Phone: (937) 644-0011
Fax: 937-578-5754
Employees: 6,100
Year Founded: 1868

Price Target and Rating

Average Stock Price Forecast: $67.86
High Stock Price Forecast: $80.00
Low Stock Price Forecast: $55.00
Forecasted Upside/Downside: +31.3%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.71
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.43)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 45.33
P/E Growth: N/A
Net Income: $-437,500,000.00
Net Margins: -3.59%
Pretax Margin: -4.47%
Return on Equity: 91.85%
Return on Assets: 2.41%

Debt

Debt-to-Equity Ratio: 19.50
Current Ratio: 1.69
Quick Ratio: 1.03

Sales & Book Value

Annual Sales: $3.67 billion
Price / Sales: 0.79
Cash Flow: $6.02 per share
Price / Cash Flow: 8.58
Book Value: $2.67 per share
Price / Book: 19.36

Miscellaneous

Outstanding Shares: 56,156,000
Free Float: 40,837,000
Market Cap: $2.90 billion
Optionable: Optionable
Beta: 1.65

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Key Executives

Mr. James S. Hagedorn (Age 68)
CEO & Chairman
Comp: $2.17M

Mr. Michael C. Lukemire (Age 65)
Pres
Comp: $1.18M

Ms. Denise S. Stump (Age 69)
Exec. VP of Global Human Resource & Chief Ethics Officer
Comp: $1.07M

Mr. Christopher J. Hagedorn (Age 38)
Exec. VP & Division Pres of Hawthorne Gardening Company
Comp: $622.71k

Mr. Matthew E. Garth (Age 49)
Exec. VP & CFO

Mr. Nate Baxter (Age 50)
Chief Operating Officer

Ms. Aimee DeLuca
Sr. VP of Investor Relations

Mr. Dimiter Todorov
EVP, Gen. Counsel, Corp. Sec. and Chief Compliance Officer

Mr. Josh Peoples
Sr. VP & Chief Marketing Officer

Mr. Dave Swihart
Sr. VP of R&D

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

SMG Stock - Frequently Asked Questions

Should I buy or sell Scotts Miracle-Gro stock right now?: 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.
View SMG analyst ratings or view top-rated stocks.
What is Scotts Miracle-Gro's stock price forecast for 2023?: 7 analysts have issued 12 month target prices for Scotts Miracle-Gro's stock. Their SMG share price forecasts range from $55.00 to $80.00. On average, they expect the company's share price to reach $67.86 in the next year. This suggests a possible upside of 31.3% from the stock's current price.
View analysts price targets for SMG or view top-rated stocks among Wall Street analysts.
How have SMG shares performed in 2023?: Scotts Miracle-Gro's stock was trading at $48.59 at the start of the year. Since then, SMG shares have increased by 6.4% and is now trading at $51.68.
View the best growth stocks for 2023 here.
When is Scotts Miracle-Gro's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 1st 2023.
View our SMG earnings forecast.
How were Scotts Miracle-Gro's earnings last quarter?: The Scotts Miracle-Gro Company (NYSE:SMG) announced its earnings results on Wednesday, August, 2nd. The basic materials company reported $1.17 earnings per share for the quarter, missing the consensus estimate of $1.41 by $0.24. The basic materials company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.15 billion. Scotts Miracle-Gro had a positive trailing twelve-month return on equity of 91.85% and a negative net margin of 3.59%. The company's revenue for the quarter was down 5.7% compared to the same quarter last year. During the same period last year, the company earned $1.98 EPS.
How often does Scotts Miracle-Gro pay dividends? What is the dividend yield for Scotts Miracle-Gro?: Scotts Miracle-Gro declared a quarterly dividend on Tuesday, August 1st. Investors of record on Friday, August 25th will be given a dividend of $0.66 per share on Friday, September 8th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date is Thursday, August 24th.
Read our dividend analysis for SMG.
What ETFs hold Scotts Miracle-Gro's stock?: 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).
Is Scotts Miracle-Gro a good dividend stock?: Scotts Miracle-Gro (NYSE:SMG) pays an annual dividend of $2.64 per share and currently has a dividend yield of 4.99%. 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.

What guidance has Scotts Miracle-Gro issued on next quarter's earnings?: Scotts Miracle-Gro updated its FY 2023 earnings guidance on Wednesday, August, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $3.49 billion-$3.53 billion, compared to the consensus revenue estimate of $3.68 billion.
What is Jim Hagedorn's approval rating as Scotts Miracle-Gro's CEO?: 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.
What other stocks do shareholders of Scotts Miracle-Gro own?: 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
What is Scotts Miracle-Gro's stock symbol?: Scotts Miracle-Gro trades on the New York Stock Exchange (NYSE) under the ticker symbol "SMG."
How do I buy shares of Scotts Miracle-Gro?: 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.
Compare Top Brokerages Here.
What is Scotts Miracle-Gro's stock price today?: One share of SMG stock can currently be purchased for approximately $51.68.
How much money does Scotts Miracle-Gro make?: Scotts Miracle-Gro (NYSE:SMG) has a market capitalization of $2.90 billion and generates $3.67 billion in revenue each year. The basic materials company earns $-437,500,000.00 in net income (profit) each year or ($2.43) on an earnings per share basis.
How many employees does Scotts Miracle-Gro have?: The company employs 6,100 workers across the globe.
How can I contact Scotts Miracle-Gro?: 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.

This page (NYSE:SMG) was last updated on 10/1/2023 by MarketBeat.com Staff

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

Scotts Miracle-Gro MarketRank™ Forecast

Overall MarketRank™

Analyst's Opinion

Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

Company Ownership

Earnings and Valuation

About Scotts Miracle-Gro (NYSE:SMG) Stock

SMG Price History

SMG Stock News Headlines

SMG Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Key Executives

Key Competitors

Insiders & Institutions

SMG Stock - Frequently Asked Questions

Overall MarketRank^™