Insider Selling: Katherine Littlefield Hagedorn Unloads 4,017 Shares of Scotts Miracle-Gro Stock (SMG)
Scotts Miracle-Gro (NYSE:SMG) Director Katherine Littlefield Hagedorn sold 4,017 shares of the stock on the open market in a transaction that occurred on Thursday, January 23rd. The stock was sold at an average price of $61.45, for a total value of $246,844.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Shares of Scotts Miracle-Gro (NYSE:SMG) traded down 0.49% on Monday, hitting $59.49. The stock had a trading volume of 421,909 shares. Scotts Miracle-Gro has a 1-year low of $42.01 and a 1-year high of $63.39. The stock’s 50-day moving average is $61.52 and its 200-day moving average is $56.70. The company has a market cap of $3.687 billion and a price-to-earnings ratio of 23.19.
Scotts Miracle-Gro (NYSE:SMG) last released its earnings data 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.
A number of research firms have recently commented on SMG. Analysts at Zacks downgraded shares of Scotts Miracle-Gro from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, January 13th. They now have a $66.70 price target on the stock. Separately, 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. Finally, 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. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of $59.93.
The Scotts Miracle-Gro Company, (NYSE:SMG) is a manufacturer and marketer of branded consumer lawn and gardens products.
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