Scotts Miracle-Gro Major Shareholder Susan Hagedorn Sells 36,487 Shares (SMG)
Scotts Miracle-Gro (NYSE:SMG) major shareholder Susan Hagedorn sold 36,487 shares of the company’s stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $61.29, for a total value of $2,236,288.23. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
SMG has been the subject of a number of recent research reports. Analysts at KeyCorp initiated coverage on shares of Scotts Miracle-Gro in a research note to investors on Monday, December 16th. They set a “hold” rating on the stock. Separately, analysts at BMO Capital Markets raised their price target on shares of Scotts Miracle-Gro from $2.00 to $60.00 in a research note to investors on Monday, December 16th. Finally, analysts at BMO Capital Markets upgraded shares of Scotts Miracle-Gro to a “market perform” rating in a research note to investors on Friday, November 8th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $57.93.
Scotts Miracle-Gro (NYSE:SMG) traded down 0.63% on Monday, hitting $61.44. The stock had a trading volume of 48,737 shares. Scotts Miracle-Gro has a one year low of $42.01 and a one year high of $62.57. The stock’s 50-day moving average is $60.15 and its 200-day moving average is $55.16. The company has a market cap of $3.808 billion and a P/E ratio of 23.98.
Scotts Miracle-Gro (NYSE:SMG) last announced its earnings results on Thursday, November 7th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.37) by $0.19. The company had revenue of $443.00 million for the quarter, compared to the consensus estimate of $431.42 million. During the same quarter in the previous year, the company posted ($0.59) earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. Analysts expect that Scotts Miracle-Gro will post $3.18 EPS for the current fiscal year.
The Scotts Miracle-Gro Company, (NYSE:SMG) is a manufacturer and marketer of branded consumer lawn and gardens products.
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