Scotts Miracle-Gro Co (SMG) Given Average Rating of “Hold” by Analysts

Shares of Scotts Miracle-Gro Co (NYSE:SMG) have been given a consensus recommendation of “Hold” by the six brokerages that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $101.33.

SMG has been the topic of several recent analyst reports. Zacks Investment Research lowered shares of Scotts Miracle-Gro from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. KeyCorp reissued a “hold” rating on shares of Scotts Miracle-Gro in a report on Monday, October 16th. JPMorgan Chase & Co. lowered shares of Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 target price on the stock. in a report on Wednesday, November 8th. Bank of America raised their target price on shares of Scotts Miracle-Gro from $107.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Finally, SunTrust Banks reissued a “hold” rating and issued a $95.00 target price on shares of Scotts Miracle-Gro in a report on Friday, November 10th.

Scotts Miracle-Gro (SMG) traded up $0.36 during mid-day trading on Friday, reaching $107.98. 365,886 shares of the company’s stock traded hands, compared to its average volume of 450,411. The company has a current ratio of 1.62, a quick ratio of 0.87 and a debt-to-equity ratio of 1.90. Scotts Miracle-Gro has a 52-week low of $81.48 and a 52-week high of $110.12. The company has a market cap of $6,200.00, a price-to-earnings ratio of 33.22, a P/E/G ratio of 2.55 and a beta of 0.36.

Scotts Miracle-Gro (NYSE:SMG) last released its earnings results on Tuesday, November 7th. The basic materials company reported ($0.26) EPS for the quarter, beating the consensus estimate of ($0.30) by $0.04. Scotts Miracle-Gro had a net margin of 7.51% and a return on equity of 37.81%. The firm had revenue of $376.70 million for the quarter, compared to analyst estimates of $368.50 million. During the same period last year, the firm earned ($0.30) EPS. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. equities research analysts forecast that Scotts Miracle-Gro will post 4.3 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be issued a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 1.96%. Scotts Miracle-Gro’s dividend payout ratio is currently 65.23%.

In related news, EVP Ivan C. Smith sold 6,587 shares of Scotts Miracle-Gro stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $97.74, for a total transaction of $643,813.38. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 29.14% of the company’s stock.

Several institutional investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. grew its holdings in shares of Scotts Miracle-Gro by 0.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,733 shares of the basic materials company’s stock valued at $1,228,000 after purchasing an additional 67 shares during the last quarter. Zacks Investment Management grew its holdings in shares of Scotts Miracle-Gro by 0.4% during the 2nd quarter. Zacks Investment Management now owns 24,176 shares of the basic materials company’s stock valued at $2,163,000 after purchasing an additional 108 shares during the last quarter. Advisor Group Inc. grew its holdings in shares of Scotts Miracle-Gro by 17.1% during the 3rd quarter. Advisor Group Inc. now owns 4,961 shares of the basic materials company’s stock valued at $482,000 after purchasing an additional 726 shares during the last quarter. Hosking Partners LLP grew its holdings in shares of Scotts Miracle-Gro by 0.5% during the 3rd quarter. Hosking Partners LLP now owns 156,591 shares of the basic materials company’s stock valued at $15,243,000 after purchasing an additional 746 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of Scotts Miracle-Gro by 1.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 65,183 shares of the basic materials company’s stock valued at $5,832,000 after purchasing an additional 894 shares during the last quarter. 69.11% of the stock is currently owned by institutional investors.

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Scotts Miracle-Gro Company Profile

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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