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

7 Wall Street equities 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 equities 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 target prices for Scotts Miracle-Gro's stock. Their SMG share price forecasts range from $48.00 to $92.00. On average, they anticipate the company's stock price to reach $75.14 in the next year. This suggests that the stock has a possible downside of 10.5%.
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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 72.7% and is now trading at $83.92.
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Scotts Miracle-Gro saw a increase in short interest in January. As of January 15th, there was short interest totaling 3,870,000 shares, an increase of 20.9% from the December 31st total of 3,200,000 shares. Based on an average daily volume of 880,900 shares, the days-to-cover ratio is currently 4.4 days. Approximately 9.5% of the shares of the stock are short sold.
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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) announced its earnings results on Wednesday, February, 1st. The basic materials company reported ($1.02) earnings per share for the quarter, topping the consensus estimate of ($1.36) by $0.34. The basic materials company earned $526.60 million during the quarter, compared to analyst estimates 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%. Scotts Miracle-Gro's revenue was down 7.0% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.88) EPS.

Scotts Miracle-Gro declared a quarterly dividend on Monday, January 23rd. Stockholders of record on Friday, February 24th will be given a dividend of $0.66 per share on Friday, March 10th. This represents a $2.64 annualized dividend and a yield of 3.15%. The ex-dividend date is Thursday, February 23rd.
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 3.28%.
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 many different retail and institutional investors. Top institutional investors include New York State Common Retirement Fund (0.95%), RWC Asset Management LLP (0.41%), Natixis Advisors L.P. (0.33%), Janney Montgomery Scott LLC (0.21%), CWM LLC (0.13%) and Leeward Investments LLC MA (0.12%). 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 $83.92.

Scotts Miracle-Gro (NYSE:SMG) has a market capitalization of $4.66 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.