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 twelve months. There are currently 6 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street 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 analysts have issued 1 year price objectives for Scotts Miracle-Gro's stock. Their SMG share price forecasts range from $75.00 to $110.00. On average, they predict the company's share price to reach $92.00 in the next year. This suggests a possible upside of 91.5% from the stock's current price.
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Scotts Miracle-Gro's stock was trading at $161.00 at the start of the year. Since then, SMG stock has decreased by 70.2% and is now trading at $48.04.
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Scotts Miracle-Gro saw a increase in short interest in the month of September. As of September 15th, there was short interest totaling 2,490,000 shares, an increase of 31.7% from the August 31st total of 1,890,000 shares. Based on an average trading volume of 593,800 shares, the short-interest ratio is presently 4.2 days. Currently, 6.2% of the company's shares are sold short.
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The company is scheduled to release its next quarterly earnings announcement on Wednesday, November 2nd 2022.
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The Scotts Miracle-Gro Company (NYSE:SMG) issued its earnings results on Wednesday, August, 3rd. The basic materials company reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.28. The basic materials company had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.23 billion. Scotts Miracle-Gro had a positive trailing twelve-month return on equity of 36.80% and a negative net margin of 6.36%. The firm's revenue for the quarter was down 26.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $3.98 EPS.

Scotts Miracle-Gro announced a quarterly dividend on Tuesday, August 2nd. Stockholders of record on Friday, August 26th will be given a dividend of $0.66 per share on Friday, September 9th. This represents a $2.64 annualized dividend and a dividend yield of 5.50%. The ex-dividend date of this dividend is Thursday, August 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 5.34%. 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.

Scotts Miracle-Gro issued an update on its FY 2022 earnings guidance on Wednesday, August, 10th. The company provided earnings per share guidance of $4.00-$4.20 for the period, compared to the consensus earnings per share estimate of $4.93. The company issued revenue guidance of $4.48 billion-$4.53 billion, compared to the consensus revenue estimate of $4.12 billion.

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 shareholders include Kayne Anderson Rudnick Investment Management LLC (9.12%), Price T Rowe Associates Inc. MD (3.00%), Macquarie Group Ltd. (2.16%), State Street Corp (2.16%), Wells Fargo & Company MN (1.73%) and Northern Trust Corp (1.30%). Insiders that own company stock include Adam Hanft, 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 $48.04.

Scotts Miracle-Gro (NYSE:SMG) has a market capitalization of $2.66 billion and generates $4.93 billion in revenue each year. The basic materials company earns $512.50 million in net income (profit) each year or ($4.83) on an earnings per share basis.

The company employs 7,300 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.