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NYSE:SMG

Scotts Miracle-Gro Stock Forecast, Price & News

$83.51
+0.60 (+0.72%)
(As of 06/28/2022 10:06 AM ET)
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Compare
Today's Range
$82.84
$84.47
50-Day Range
$74.69
$117.61
52-Week Range
$72.58
$193.50
Volume
1,153 shs
Average Volume
730,008 shs
Market Capitalization
$4.63 billion
P/E Ratio
11.73
Dividend Yield
3.21%
Price Target
$119.29
30 days | 90 days | 365 days | Advanced Chart

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SMG Stock Forecast (MarketRank)

Overall MarketRank

3.91 out of 5 stars

Basic Materials Sector

1st out of 247 stocks

Agricultural Chemicals Industry

1st out of 12 stocks

Analyst Opinion: 4.2Community Rank: 3.9Dividend Strength: 4.2Insider Behavior: 4.2Valuation: 3.1 5 -4 -3 -2 -1 -
Scotts Miracle-Gro logo

About Scotts Miracle-Gro (NYSE:SMG)

The Scotts Miracle-Gro Company engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It provides lawn care products comprising lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products; gardening and landscape products include water-soluble and continuous-release plant foods, potting mixes and garden soils, mulch and decorative groundcover products, plant-related pest and disease control products, organic garden products, and lives goods and seeding solutions. The company also offers hydroponic products that help users to grow plants, flowers, and vegetables using little or no soil; lighting systems and components for use in hydroponic and indoor gardening applications; insect, rodent, and weed control products for home areas; and non-selective weed killer products. It sells its products under the Scotts, Turf Builder, EZ Seed, PatchMaster, Thick'R Lawn, GrubEx, EdgeGuard, Handy Green II, Miracle-Gro, LiquaFeed, Osmocote, Shake 'N Feed, Hyponex, Earthgro, SuperSoil, Fafard, Nature Scapes, Ortho, Miracle-Gro Performance Organics, Miracle-Gro Organic Choice, Whitney Farms, EcoScraps, Mother Earth, Botanicare, Hydroponics, Vermicrop, Gavita, Agrolux, Can-Filters, Sun System, Gro Pro, Hurricane, AeroGarden, Titan, Tomcat, Ortho Weed B Gon, Roundup, Groundclear, and Alchemist brands. The company serves home centers, mass merchandisers, warehouse clubs, large hardware chains, independent hardware stores, nurseries, garden centers, e-commerce platforms, and food and drug stores, as well as indoor gardening and hydroponic distributors, retailers, and growers. The Scotts Miracle-Gro Company was founded in 1868 and is headquartered in Marysville, Ohio.

SMG Stock News Headlines

Moderna, Roku rise; Scotts Miracle-Gro, Charles River fall
Stocks that traded heavily or had substantial price changes Wednesday: Moderna, Roku rise; Scotts Miracle-Gro, Charles River fall
Scotts Miracle-Gro (NYSE:SMG) PT Lowered to $110.00
Scotts Miracle-Gro (NYSE:SMG) Price Target Cut to $115.00
Scotts Miracle-Gro (NYSE:SMG) Shares Gap Down to $102.18
Truist downgrades Scotts Miracle-Gro stock
See More Headlines

Industry, Sector and Symbol

Industry
Agricultural chemicals
Sub-Industry
Fertilizers & Agricultural Chemicals
CUSIP
81018610
Employees
7,300
Year Founded
1868

Company Calendar

Last Earnings
5/03/2022
Ex-Dividend for 6/10 Dividend
5/26/2022
Dividend Payable
6/10/2022
Today
6/28/2022
Next Earnings (Estimated)
8/03/2022
Fiscal Year End
9/30/2022

Price Target and Rating

Average Stock Price Forecast
$119.29
High Stock Price Forecast
$257.00
Low Stock Price Forecast
$85.00
Forecasted Upside/Downside
+42.8%
Consensus Rating
Hold
Rating Score (0-4)
2.42857142857143
Research Coverage
7 Analysts

Profitability

Net Income
$512.50 million
Pretax Margin
11.54%

Debt

Sales & Book Value

Annual Sales
$4.93 billion
Cash Flow
$11.30 per share
Book Value
$18.16 per share

Miscellaneous

Free Float
40,264,000
Market Cap
$4.63 billion
Optionable
Optionable
Beta
1.19

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Scotts Miracle-Gro Frequently Asked Questions

Should I buy or sell Scotts Miracle-Gro stock right now?

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Scotts Miracle-Gro in the last twelve months. 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" Scotts Miracle-Gro stock. 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.
View analyst ratings for Scotts Miracle-Gro
or view top-rated stocks.

What is Scotts Miracle-Gro's stock price forecast for 2022?

7 Wall Street analysts have issued 1-year price targets for Scotts Miracle-Gro's stock. Their SMG stock forecasts range from $85.00 to $257.00. On average, they expect Scotts Miracle-Gro's stock price to reach $119.29 in the next twelve months. This suggests a possible upside of 41.6% from the stock's current price.
View analysts' price targets for Scotts Miracle-Gro
or view top-rated stocks among Wall Street analysts.

How has Scotts Miracle-Gro's stock performed in 2022?

Scotts Miracle-Gro's stock was trading at $161.00 at the start of the year. Since then, SMG stock has decreased by 47.7% and is now trading at $84.24.
View the best growth stocks for 2022 here
.

When is Scotts Miracle-Gro's next earnings date?

Scotts Miracle-Gro is scheduled to release its next quarterly earnings announcement on Wednesday, August 3rd 2022.
View our earnings forecast for Scotts Miracle-Gro
.

How were Scotts Miracle-Gro's earnings last quarter?

The Scotts Miracle-Gro Company (NYSE:SMG) released its earnings results on Tuesday, May, 3rd. The basic materials company reported $5.03 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $4.69 by $0.34. The basic materials company earned $1.68 billion during the quarter, compared to analysts' expectations of $1.68 billion. Scotts Miracle-Gro had a trailing twelve-month return on equity of 42.22% and a net margin of 8.81%. The business's quarterly revenue was down 8.2% compared to the same quarter last year. During the same period in the prior year, the business posted $5.64 earnings per share.
View Scotts Miracle-Gro's earnings history
.

How often does Scotts Miracle-Gro pay dividends? What is the dividend yield for Scotts Miracle-Gro?

Scotts Miracle-Gro announced a quarterly dividend on Tuesday, April 26th. Shareholders of record on Friday, May 27th will be given a dividend of $0.66 per share on Friday, June 10th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.13%. The ex-dividend date is Thursday, May 26th.
View Scotts Miracle-Gro's dividend history
.

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 3.21%. Scotts Miracle-Gro has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio of Scotts Miracle-Gro is 37.08%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Scotts Miracle-Gro will have a dividend payout ratio of 44.52% next year. This indicates that Scotts Miracle-Gro will be able to sustain or increase its dividend.
View Scotts Miracle-Gro's dividend history.

What guidance has Scotts Miracle-Gro issued on next quarter's earnings?

Scotts Miracle-Gro issued an update on its FY 2022 earnings guidance on Wednesday, June, 22nd. The company provided earnings per share (EPS) guidance of $4.50-$5.00 for the period, compared to the consensus earnings per share estimate of $7.01. The company issued revenue guidance of -.

Who are Scotts Miracle-Gro's key executives?

Scotts Miracle-Gro's management team includes the following people:

What is Jim Hagedorn's approval rating as Scotts Miracle-Gro's CEO?

284 employees have rated Scotts Miracle-Gro CEO Jim Hagedorn on Glassdoor.com. Jim Hagedorn has an approval rating of 95% among Scotts Miracle-Gro's employees. This puts Jim Hagedorn in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Scotts Miracle-Gro's key competitors?

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), (CGC), AutoZone (AZO) and (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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (7.48%), BlackRock Inc. (6.38%), First Eagle Investment Management LLC (3.16%), Earnest Partners LLC (2.46%), State Street Corp (2.10%) and Massachusetts Financial Services Co. MA (1.36%). Company insiders that own Scotts Miracle-Gro 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, Nancy G Mistretta, Peter E Shumlin, Robert Hagedorn, Stephen L Johnson, Susan Hagedorn, Thomas N Kelly Jr and Thomas Randal Coleman.
View institutional ownership trends for Scotts Miracle-Gro
.

Which institutional investors are selling Scotts Miracle-Gro stock?

SMG stock was sold by a variety of institutional investors in the last quarter, including Federated Hermes Inc., Raymond James & Associates, Bank of America Corp DE, PEAK6 Investments LLC, Massachusetts Financial Services Co. MA, Royal Bank of Canada, Alyeska Investment Group L.P., and UBS Group AG. Company insiders that have sold Scotts Miracle-Gro company stock in the last two years 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, Stephen L Johnson, and Susan Hagedorn.
View insider buying and selling activity for Scotts Miracle-Gro
or view top insider-selling stocks.

Which institutional investors are buying Scotts Miracle-Gro stock?

SMG stock was acquired by a variety of institutional investors in the last quarter, including First Eagle Investment Management LLC, HighTower Advisors LLC, Loomis Sayles & Co. L P, Boston Partners, Leeward Investments LLC MA, State Street Corp, Northern Trust Corp, and First Trust Advisors LP.
View insider buying and selling activity for Scotts Miracle-Gro
or or view top insider-buying stocks.

How do I buy shares of Scotts Miracle-Gro?

Shares of SMG 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 $84.24.

How much money does Scotts Miracle-Gro make?

Scotts Miracle-Gro (NYSE:SMG) has a market capitalization of $4.67 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 $7.119990 on an earnings per share basis.

How many employees does Scotts Miracle-Gro have?

Scotts Miracle-Gro employs 7,300 workers across the globe.

When was Scotts Miracle-Gro founded?

Scotts Miracle-Gro was founded in 1868.

How can I contact Scotts Miracle-Gro?

Scotts Miracle-Gro's mailing address is 14111 SCOTTSLAWN ROAD, MARYSVILLE OH, 43041. The official website for Scotts Miracle-Gro is www.scotts.com. The basic materials company can be reached via phone at (937) 644-0011, via email at [email protected], or via fax at 937-578-5754.

This page (NYSE:SMG) was last updated on 6/28/2022 by MarketBeat.com Staff

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