Scotts Miracle-Gro Company (The) (NYSE:SMG)‘s stock had its “hold” rating reiterated by stock analysts at KeyCorp in a research report issued on Monday.

SMG has been the subject of several other research reports. Zacks Investment Research downgraded shares of Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. BidaskClub cut shares of Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. Scotts Miracle-Gro Company (The) currently has an average rating of “Hold” and an average price target of $100.00.

Shares of Scotts Miracle-Gro Company (NYSE SMG) traded down 0.31% during trading on Monday, reaching $99.44. The company had a trading volume of 30,163 shares. The firm has a market capitalization of $5.81 billion, a PE ratio of 26.83 and a beta of 0.39. Scotts Miracle-Gro Company has a 1-year low of $81.48 and a 1-year high of $100.23. The firm has a 50-day moving average of $96.39 and a 200 day moving average of $92.92.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last released its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $2.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.51 by $0.12. Scotts Miracle-Gro Company (The) had a net margin of 7.85% and a return on equity of 36.28%. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm posted $2.16 earnings per share. Scotts Miracle-Gro Company (The)’s revenue for the quarter was up 8.5% on a year-over-year basis. Analysts expect that Scotts Miracle-Gro Company will post $4.08 earnings per share for the current year.

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In other news, EVP Denise Stump sold 22,615 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $95.05, for a total value of $2,149,555.75. Following the completion of the sale, the executive vice president now directly owns 19,444 shares of the company’s stock, valued at $1,848,152.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Nancy G. Mistretta sold 5,000 shares of the company’s stock in a transaction dated Friday, October 13th. The shares were sold at an average price of $100.11, for a total transaction of $500,550.00. The disclosure for this sale can be found here. Insiders sold 261,085 shares of company stock valued at $24,987,438 over the last ninety days. Corporate insiders own 28.16% of the company’s stock.

Large investors have recently made changes to their positions in the company. FNY Managed Accounts LLC purchased a new position in Scotts Miracle-Gro Company (The) during the first quarter worth about $103,000. Almanack Investment Partners LLC. purchased a new position in Scotts Miracle-Gro Company (The) during the second quarter worth about $132,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Scotts Miracle-Gro Company (The) by 7.5% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,664 shares of the basic materials company’s stock worth $149,000 after purchasing an additional 116 shares in the last quarter. Delta Asset Management LLC TN raised its holdings in Scotts Miracle-Gro Company (The) by 3.8% during the second quarter. Delta Asset Management LLC TN now owns 2,025 shares of the basic materials company’s stock worth $181,000 after purchasing an additional 75 shares in the last quarter. Finally, Creative Planning raised its holdings in Scotts Miracle-Gro Company (The) by 44.5% during the second quarter. Creative Planning now owns 2,097 shares of the basic materials company’s stock worth $188,000 after purchasing an additional 646 shares in the last quarter. 69.07% of the stock is owned by institutional investors and hedge funds.

About Scotts Miracle-Gro Company (The)

The Scotts Miracle-Gro Company (Scotts Miracle-Gro) is a manufacturer and marketer of branded consumer lawn and garden products. The Company’s segments include Global Consumer. In North America, its brands include Scotts and Turf Builder lawn and grass seed products; Miracle-Gro, Nature’s Care, Scotts, LiquaFeed and Osmocote gardening and landscape products; and Ortho, Roundup, Home Defense and Tomcat branded insect control, weed control and rodent control products.

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