Scotts Miracle-Gro Co. Hits New 52-Week High at $62.99 (SMG)
Shares of Scotts Miracle-Gro (NYSE:SMG) hit a new 52-week high during mid-day trading on Thursday, StockRatingsNetwork.com reports. The stock traded as high as $62.99 and last traded at $62.65, with a volume of 711,769 shares trading hands. The stock had previously closed at $62.39.
A number of analysts have recently weighed in on SMG shares. 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 issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $57.93.
In other Scotts Miracle-Gro news, major shareholder Susan Hagedorn unloaded 36,487 shares of Scotts Miracle-Gro stock on the open market in a transaction that occurred on 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Scotts Miracle-Gro has a one year low of $42.01 and a one year high of $62.99. The stock has a 50-day moving average of $60. and a 200-day moving average of $55.54. The company has a market cap of $3.887 billion and a P/E ratio of 24.20.
Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings results on Thursday, November 7th. The company reported ($0.18) EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted ($0.59) earnings per share. The company’s quarterly revenue was up 10.4% on a year-over-year basis. On average, analysts predict that Scotts Miracle-Gro will post $3.18 earnings per share 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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