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

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.

Analysts Set New Price Targets

Several analysts have commented on the company. Raymond James dropped their price objective on Scotts Miracle-Gro from $110.00 to $100.00 and set a "strong-buy" rating on the stock in a report on Thursday, August 4th. UBS Group lowered their price target on Scotts Miracle-Gro from $92.00 to $86.00 and set a "neutral" rating on the stock in a research note on Wednesday, August 3rd. StockNews.com lowered Scotts Miracle-Gro from a "hold" rating to a "sell" rating in a research note on Saturday, May 21st. Wells Fargo & Company lowered Scotts Miracle-Gro from an "overweight" rating to an "equal weight" rating and lowered their price target for the stock from $115.00 to $85.00 in a research note on Wednesday, June 22nd. Finally, Stifel Nicolaus lowered their price target on Scotts Miracle-Gro from $116.00 to $93.00 in a research note on Tuesday, June 14th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $113.88.

Scotts Miracle-Gro Trading Down 2.9 %

Scotts Miracle-Gro stock traded down $2.46 during trading on Wednesday, reaching $82.11. 419,934 shares of the company were exchanged, compared to its average volume of 529,596. Scotts Miracle-Gro has a 52-week low of $72.58 and a 52-week high of $180.43. The company has a market capitalization of $4.55 billion, a P/E ratio of -17.00 and a beta of 1.24. The company has a debt-to-equity ratio of 7.55, a current ratio of 2.42 and a quick ratio of 1.10. The stock's 50 day simple moving average is $82.39 and its two-hundred day simple moving average is $105.36.

Scotts Miracle-Gro (NYSE:SMG - Get Rating) last announced its quarterly earnings data on Wednesday, August 3rd. The basic materials company reported $1.98 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.28. Scotts Miracle-Gro had a positive return on equity of 36.80% and a negative net margin of 6.36%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the business posted $3.98 earnings per share. The firm's revenue was down 26.3% compared to the same quarter last year. On average, equities research analysts expect that Scotts Miracle-Gro will post 4.12 earnings per share for the current fiscal year.

Scotts Miracle-Gro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 26th will be given a $0.66 dividend. The ex-dividend date is Thursday, August 25th. This represents a $2.64 dividend on an annualized basis and a yield of 3.22%. Scotts Miracle-Gro's dividend payout ratio is currently -54.66%.