NYSE:SMG

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

$67.90

+0.72 (+1.07%)

(As of 03/27/2023 01:09 PM ET)

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Today's Range: $66.99
▼
$68.40
50-Day Range: $57.80
▼
$87.19
52-Week Range: $39.06
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$132.32

Volume: 296,155 shs
Average Volume: 779,346 shs
Market Capitalization: $3.80 billion

P/E Ratio: N/A
Dividend Yield: 3.89%
Price Target: $83.00

Institutional Ownership

Scotts Miracle-Gro MarketRank™ Forecast

Analyst Rating: Moderate Buy
2.57 Rating Score
Upside/Downside: 22.8% Upside
$83.00 Price Target
Short Interest: Healthy
6.72% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -3.74
Upright™ Environmental Score
News Sentiment: 0.85
Based on 2 Articles This Week
Insider Trading: Selling Shares
$7.37 M Sold Last Quarter
Proj. Earnings Growth: 38.49%
From $3.17 to $4.39 Per Share

Overall MarketRank^™

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

2.81 out of 5 stars

Basic Materials Sector

21st out of 160 stocks

Agricultural Chemicals Industry

2nd out of 8 stocks

3.3

Analyst's Opinion

Consensus Rating
Scotts Miracle-Gro has received a consensus rating of Buy. The company's average rating score is 2.57, and is based on 2 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $83.00, Scotts Miracle-Gro has a forecasted upside of 22.8% from its current price of $67.57.
Amount of Analyst Coverage
Scotts Miracle-Gro has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

4.0

Short Interest

Percentage of Shares Shorted
6.72% 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 3.5, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Scotts Miracle-Gro has recently decreased by 12.06%, indicating that investor sentiment is improving significantly.

2.5

Dividend Strength

Dividend Leadership
Scotts Miracle-Gro is a leading dividend payer. It pays a dividend yield of 3.93%, 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 earnings estimates, Scotts Miracle-Gro will have a dividend payout ratio of 60.14% next year. This indicates that Scotts Miracle-Gro will be able to sustain or increase its dividend.

1.7

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Scotts Miracle-Gro has received a -15.40% 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 -3.74.

2.1

News and Social Media Coverage

News Sentiment
Scotts Miracle-Gro has a news sentiment score of 0.85. 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 0.37 average news sentiment score of Basic Materials companies.
News Coverage This Week
MarketBeat has tracked 2 news articles for Scotts Miracle-Gro this week, compared to 4 articles on an average week.
Search Interest
Only 27 people have searched for SMG on MarketBeat in the last 30 days. This is a decrease of -64% compared to the previous 30 days.
MarketBeat Follows
Only 1 people have added Scotts Miracle-Gro to their MarketBeat watchlist in the last 30 days. This is a decrease of -93% 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 $7,368,783.00 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
68.98% 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 38.49% in the coming year, from $3.17 to $4.39 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Scotts Miracle-Gro is -8.23, 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 -8.23, 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 25.31. 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

Scotts Miracle-Gro Co. engages in the manufacturing, marketing, and sale of products for lawn and garden care and indoor and hydroponic gardening. Its products and services include lawn care, gardening and landscape, hydroponic hardware and growing environments, lighting, controls, and marketing agreement. It operates through the following segments: U.S. Consumer, Hawthorne, and Other. The U.S. Consumer and Other segments manufacture and market branded consumer lawn and garden products. The U.S. Consumer segment consists of consumer lawn and garden business in the United States. The Hawthorne segment manufactures, markets, and distributes lighting, nutrients, growing media, growing environments, and hardware products for indoor and hydroponic gardening in North America. The company was founded by Orlando McLean Scott in 1868 and is headquartered in Marysville, OH.

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SMG Stock News Headlines

March 26, 2023 | seekingalpha.com

The Scotts Miracle-Gro Co.: Sell $45 Cash-Secured Put Generate Income

March 19, 2023 | americanbankingnews.com

Scotts Miracle-Gro (NYSE:SMG) Coverage Initiated at StockNews.com

March 27, 2023 | Investor Place Media (Ad)

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March 18, 2023 | nasdaq.com

SMG May 19th Options Begin Trading

March 9, 2023 | finance.yahoo.com

ScottsMiracle-Gro to hold Fireside Chat with UBS

February 18, 2023 | seekingalpha.com

Scotts Miracle-Gro rises after upgrade to Overweight at Wells Fargo

February 18, 2023 | nasdaq.com

April 21st Options Now Available For Scotts Miracle-Gro (SMG)

February 16, 2023 | msn.com

Scotts Miracle-Gro upgraded to Overweight at Wells Fargo

March 27, 2023 | Weiss Ratings (Ad)

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February 16, 2023 | finance.yahoo.com

ScottsMiracle-Gro to Present at Raymond James & Associates 44th Annual Institutional Investors Conference

February 10, 2023 | finance.yahoo.com

Scotts Miracle-Gro (NYSE:SMG) Is Due To Pay A Dividend Of $0.66

February 8, 2023 | msn.com

Miracle-Gro's Subsidiaries Sue TerrAscend, JW Asset Mgt & Jason Wild For Trying To Ruin Its $175M Investment

February 6, 2023 | bizjournals.com

Scotts Miracle-Gro's new CFO is a former Arconic exec

February 6, 2023 | finance.yahoo.com

Scotts Miracle-Gro's new CFO is also a customer

February 2, 2023 | finance.yahoo.com

The Scotts Miracle-Gro Company (NYSE:SMG) Q1 2023 Earnings Call Transcript

February 1, 2023 | msn.com

Scotts Miracle-Gro Q1 loss widens but tops Wall Street estimates

February 1, 2023 | markets.businessinsider.com

Scotts Miracle-Gro Q1 Loss Widens But Beats Estimates

February 1, 2023 | finance.yahoo.com

ScottsMiracle-Gro Reports First Quarter Results

February 1, 2023 | finance.yahoo.com

Scotts Miracle-Gro posts narrower-than-expected net loss and beats revenue mark

January 31, 2023 | benzinga.com

A Preview Of The Scotts Miracle Gro's Earnings

January 31, 2023 | msn.com

Wells Fargo Maintains Equal-Weight Rating for Scotts Miracle Gro: Here's What You Need To Know

January 26, 2023 | finance.yahoo.com

The National Head Start Association and The Scotts Miracle-Gro Foundation Announce 2022-2023 GroMoreGood Garden Grantees

January 23, 2023 | finance.yahoo.com

Here’s Why The Scotts Miracle-Gro Company (SMG) Declined in 2022

January 22, 2023 | seekingalpha.com

Scotts Miracle-Gro: Long-Term Growth Potential

January 18, 2023 | finance.yahoo.com

ScottsMiracle-Gro Announces Timing of First Quarter 2023 Financial Results and Conference Call

January 10, 2023 | thestreet.com

Scotts Miracle-Gro Stock To Go Ex-dividend Tuesday (SMG)

January 9, 2023 | finance.yahoo.com

The Scotts Miracle-Gro FouScotts Miracle-Gro Foundation Welcomes Applications for 2023 GroMoreGood Grassroots Grant with KidsGardening with KidsGardening to Connect Children to Benefits of Gardening and Greenspaces

See More Headlines

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SMG Company Calendar

Last Earnings: 2/01/2023
Ex-Dividend for 3/10 Dividend: 2/23/2023
Dividend Payable: 3/10/2023
Today: 3/27/2023
Next Earnings (Estimated): 5/02/2023
Fiscal Year End: 9/30/2023

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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: $83.00
High Stock Price Forecast: $105.00
Low Stock Price Forecast: $48.00
Forecasted Upside/Downside: +22.7%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.57
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($8.21)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 21.34
P/E Growth: N/A
Net Income: $-437,500,000.00
Net Margins: -11.64%
Pretax Margin: -15.13%
Return on Equity: 55.54%
Return on Assets: 4.44%

Debt

Debt-to-Equity Ratio: 53.61
Current Ratio: 2.47
Quick Ratio: 0.83

Sales & Book Value

Annual Sales: $3.92 billion
Price / Sales: 0.96
Cash Flow: $6.09 per share
Price / Cash Flow: 11.10
Book Value: $2.67 per share
Price / Book: 25.33

Miscellaneous

Outstanding Shares: 55,960,000
Free Float: 40,691,000
Market Cap: $3.79 billion
Optionable: Optionable
Beta: 1.66

Social Links

Key Executives

James Hagedorn
Chairman & Chief Executive Officer

Mike Lukemire
President & Chief Operating Officer

Matthew Eric Garth
Chief Financial Officer & Executive Vice President

Dave Swihart
Head-Global Technology & Operations

Ivan C. Smith
Secretary, Chief Cmp Officer, EVP & Gen Counsel

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 equities research analysts have issued "buy," "hold," and "sell" ratings for Scotts Miracle-Gro in the last twelve months. There are currently 4 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" SMG shares.
View SMG analyst ratings or view top-rated stocks.
What is Scotts Miracle-Gro's stock price forecast for 2023?: 7 Wall Street research analysts have issued 12 month price targets for Scotts Miracle-Gro's shares. Their SMG share price forecasts range from $48.00 to $105.00. On average, they anticipate the company's stock price to reach $83.00 in the next twelve months. This suggests a possible upside of 22.7% 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 39.2% and is now trading at $67.64.
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 Tuesday, May 2nd 2023.
View our SMG earnings forecast.
How were Scotts Miracle-Gro's earnings last quarter?: The Scotts Miracle-Gro Company (NYSE:SMG) posted 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 had revenue of $526.60 million for the quarter, compared to the consensus estimate 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 business's revenue for the quarter was down 7.0% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.88) 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 Monday, January 23rd. Investors 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.
What ETFs hold Scotts Miracle-Gro's stock?: 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).
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 3.93%.
Read our dividend analysis for SMG.

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 Honeywell International (HON).
What is Scotts Miracle-Gro's stock symbol?: Scotts Miracle-Gro trades on the New York Stock Exchange (NYSE) under the ticker symbol "SMG."
Who are Scotts Miracle-Gro's major shareholders?: Scotts Miracle-Gro's stock is owned by a variety of institutional and retail 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.
View institutional ownership trends.
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 $67.64.
How much money does Scotts Miracle-Gro make?: 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.
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 3/27/2023 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 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^™