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 5 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" SMG shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SMG, but not buy additional shares or sell existing shares.
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7 Wall Street research analysts have issued 1 year price objectives for Scotts Miracle-Gro's shares. Their SMG share price forecasts range from $45.00 to $86.00. On average, they anticipate the company's share price to reach $58.57 in the next year. This suggests a possible upside of 16.0% from the stock's current price.
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Scotts Miracle-Gro's stock was trading at $161.00 on January 1st, 2022. Since then, SMG shares have decreased by 68.6% and is now trading at $50.49.
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The company is scheduled to release its next quarterly earnings announcement on Tuesday, February 7th 2023.
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The Scotts Miracle-Gro Company (NYSE:SMG) issued its quarterly earnings data on Wednesday, November, 2nd. The basic materials company reported ($2.04) earnings per share for the quarter, missing the consensus estimate of ($2.02) by $0.02. The basic materials company had revenue of $493.60 million for the quarter, compared to analyst estimates of $527.42 million. Scotts Miracle-Gro had a positive trailing twelve-month return on equity of 38.78% and a negative net margin of 11.15%.

Scotts Miracle-Gro announced a quarterly dividend on Friday, November 4th. Investors of record on Monday, November 28th will be given a dividend of $0.66 per share on Friday, December 9th. This represents a $2.64 annualized dividend and a dividend yield of 5.23%. The ex-dividend date is Friday, November 25th.
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 5.00%. 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 variety of retail and institutional investors. Top institutional investors include Kayne Anderson Rudnick Investment Management LLC (8.96%), Vanguard Group Inc. (7.67%), BlackRock Inc. (6.45%), Price T Rowe Associates Inc. MD (3.69%), State Street Corp (2.17%) and Fisher Asset Management LLC (1.34%). 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 $50.49.

Scotts Miracle-Gro (NYSE:SMG) has a market capitalization of $2.80 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 ($7.94) 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.