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

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Scotts Miracle-Gro in the last year. There are currently 4 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" SMG shares.
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7 brokerages have issued twelve-month price targets for Scotts Miracle-Gro's shares. Their SMG share price forecasts range from $48.00 to $105.00. On average, they expect the company's share price to reach $83.00 in the next twelve months. This suggests a possible upside of 22.5% from the stock's current price.
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Scotts Miracle-Gro's stock was trading at $48.59 at the beginning of the year. Since then, SMG shares have increased by 39.5% and is now trading at $67.77.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, May 2nd 2023.
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The Scotts Miracle-Gro Company (NYSE:SMG) issued its quarterly earnings results on Wednesday, February, 1st. The basic materials company reported ($1.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($1.36) by $0.34. The basic materials company earned $526.60 million during the quarter, compared to analysts' expectations of $502.44 million. Scotts Miracle-Gro had a positive trailing twelve-month return on equity of 55.54% and a negative net margin of 11.64%. The company's revenue was down 7.0% compared to the same quarter last year. During the same period in the previous year, the company posted ($0.88) EPS.

Scotts Miracle-Gro announced a quarterly dividend on Monday, January 23rd. Stockholders of record on Friday, February 24th will be paid a dividend of $0.66 per share on Friday, March 10th. This represents a $2.64 annualized dividend and a dividend yield of 3.90%. The ex-dividend date of this dividend is Thursday, February 23rd.
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), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), Syntax Stratified MidCap ETF (SMDY), Pacer Lunt MidCap Multi-Factor Alternator ETF (PAMC), First Trust Materials AlphaDEX Fund (FXZ), Mohr Growth ETF (MOHR) and Invesco S&P Ultra Dividend Revenue ETF (RDIV).

Scotts Miracle-Gro (NYSE:SMG) pays an annual dividend of $2.64 per share and currently has a dividend yield of 3.99%. 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.

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 Honeywell International (HON).

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 retail and institutional investors. Top institutional investors include Price T Rowe Associates Inc. MD (5.95%), Earnest Partners LLC (5.94%), Wells Fargo & Company MN (1.56%), Morgan Stanley (1.55%), Fisher Asset Management LLC (1.32%) and Personal Capital Advisors Corp (1.13%). 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 $67.77.

Scotts Miracle-Gro (NYSE:SMG) has a market capitalization of $3.79 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 ($8.21) 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.