Scotts Miracle-Gro CEO James Hagedorn Sells 36,828 Shares (SMG)
Scotts Miracle-Gro (NYSE:SMG) CEO James Hagedorn unloaded 36,828 shares of the stock on the open market in a transaction dated Thursday, June 26th. The stock was sold at an average price of $56.58, for a total value of $2,083,728.24. Following the completion of the transaction, the chief executive officer now directly owns 55,671 shares of the company’s stock, valued at approximately $3,149,865. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
A number of research firms have recently commented on SMG. Analysts at BMO Capital Markets raised their price target on shares of Scotts Miracle-Gro from $67.00 to $68.00 in a research note on Tuesday, May 6th. They now have an “outperform” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Scotts Miracle-Gro has an average rating of “Hold” and a consensus price target of $66.57.
Shares of Scotts Miracle-Gro (NYSE:SMG) traded up 1.26% during mid-day trading on Friday, hitting $56.93. 62,451 shares of the company’s stock traded hands. Scotts Miracle-Gro has a 52 week low of $47.87 and a 52 week high of $63.96. The stock’s 50-day moving average is $59.31 and its 200-day moving average is $59.78. The company has a market cap of $3.489 billion and a P/E ratio of 18.70.
Scotts Miracle-Gro (NYSE:SMG) last released its earnings data on Monday, May 5th. The company reported $2.00 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.97 by $0.03. The company had revenue of $1.08 million for the quarter, compared to the consensus estimate of $1.09 million. During the same quarter last year, the company posted $1.60 earnings per share. Scotts Miracle-Gro’s revenue was up 7.3% compared to the same quarter last year. 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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