Scotts Miracle-Gro Co. Hits New 52-Week High at $55.59 (SMG)
Shares of Scotts Miracle-Gro (NYSE:SMG) hit a new 52-week high during trading on Tuesday, AR Network reports. The stock traded as high as $55.59 and last traded at $55.04, with a volume of 185,864 shares trading hands. The stock had previously closed at $54.64.
A number of analysts have recently weighed in on SMG shares. Analysts at Zacks upgraded shares of Scotts Miracle-Gro (NYSE:SMG) from an “underperform” rating to a “neutral” rating in a research note to investors on Thursday, August 8th. They now have a $53.70 price target on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Scotts Miracle-Gro (NYSE:SMG) from $43.00 to $50.00 in a research note to investors on Wednesday, August 7th. They now have an “underperform” rating on the stock. Finally, analysts at Tigress Financial downgraded shares of Scotts Miracle-Gro (NYSE:SMG) to a “neutral” rating in a research note to investors on Wednesday, July 24th.
Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $48.54.
Scotts Miracle-Gro has a one year low of $39.64 and a one year high of $55.59. The stock has a 50-day moving average of $52.72 and a 200-day moving average of $48.16. The company has a market cap of $3.408 billion and a P/E ratio of 24.35.
Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $2.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.43 by $0.03. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the previous year, the company posted $1.60 earnings per share. The company’s revenue for the quarter was up 8.8% on a year-over-year basis. Analysts expect that Scotts Miracle-Gro will post $2.60 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, September 10th. Stockholders of record on Tuesday, August 27th will be paid a dividend of $0.44 per share. This represents a $1.75 annualized dividend and a dividend yield of 3.18%. The ex-dividend date is Friday, August 23rd. This is a boost from Scotts Miracle-Gro’s previous quarterly dividend of $0.33.
The Scotts Miracle-Gro Company, (NYSE:SMG) is a manufacturer and marketer of branded consumer lawn and gardens products.
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