Scotts Miracle-Gro (NYSE:SMG) Price Target Raised to $70.00 at Wells Fargo & Company

Scotts Miracle-Gro (NYSE:SMG) had its price objective raised by Wells Fargo & Company from $67.00 to $70.00 in a report issued on Thursday morning,Benzinga reports. They currently have an overweight rating on the basic materials company’s stock.

A number of other equities analysts have also recently issued reports on the stock. Wall Street Zen cut shares of Scotts Miracle-Gro from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Weiss Ratings reissued a “hold (c-)” rating on shares of Scotts Miracle-Gro in a report on Wednesday, January 21st. Stifel Nicolaus set a $70.00 price objective on Scotts Miracle-Gro and gave the company a “buy” rating in a research report on Thursday, November 6th. Jefferies Financial Group increased their target price on Scotts Miracle-Gro from $71.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Finally, UBS Group lifted their price objective on shares of Scotts Miracle-Gro from $61.00 to $66.00 and gave the company a “neutral” rating in a research report on Wednesday, January 14th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, Scotts Miracle-Gro currently has a consensus rating of “Moderate Buy” and an average price target of $71.00.

Scotts Miracle-Gro Price Performance

Shares of SMG opened at $65.34 on Thursday. Scotts Miracle-Gro has a 12-month low of $45.61 and a 12-month high of $72.23. The business’s fifty day moving average price is $58.90 and its 200 day moving average price is $59.42. The stock has a market capitalization of $3.79 billion, a PE ratio of 44.45 and a beta of 1.95.

Scotts Miracle-Gro (NYSE:SMG) last issued its earnings results on Wednesday, January 28th. The basic materials company reported ($0.77) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.04) by $0.27. Scotts Miracle-Gro had a net margin of 2.68% and a negative return on equity of 68.59%. The company had revenue of $354.40 million for the quarter, compared to analysts’ expectations of $353.25 million. During the same period in the prior year, the company earned ($0.89) earnings per share. The firm’s revenue was down 3.3% compared to the same quarter last year. Scotts Miracle-Gro has set its FY 2026 guidance at 4.150-4.35 EPS. As a group, research analysts anticipate that Scotts Miracle-Gro will post 3.42 earnings per share for the current fiscal year.

Scotts Miracle-Gro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 20th will be paid a dividend of $0.66 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.64 annualized dividend and a yield of 4.0%. Scotts Miracle-Gro’s dividend payout ratio (DPR) is currently 109.09%.

Institutional Investors Weigh In On Scotts Miracle-Gro

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Empowered Funds LLC boosted its holdings in Scotts Miracle-Gro by 26.3% during the first quarter. Empowered Funds LLC now owns 7,524 shares of the basic materials company’s stock worth $413,000 after buying an additional 1,569 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Scotts Miracle-Gro by 18.5% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 149,882 shares of the basic materials company’s stock worth $8,227,000 after acquiring an additional 23,446 shares in the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in shares of Scotts Miracle-Gro in the 2nd quarter worth $901,000. Farther Finance Advisors LLC raised its position in shares of Scotts Miracle-Gro by 621.5% during the second quarter. Farther Finance Advisors LLC now owns 1,544 shares of the basic materials company’s stock worth $102,000 after purchasing an additional 1,330 shares during the period. Finally, Public Employees Retirement System of Ohio raised its position in shares of Scotts Miracle-Gro by 31.0% during the second quarter. Public Employees Retirement System of Ohio now owns 18,608 shares of the basic materials company’s stock worth $1,227,000 after purchasing an additional 4,398 shares during the period. 74.07% of the stock is owned by institutional investors and hedge funds.

More Scotts Miracle-Gro News

Here are the key news stories impacting Scotts Miracle-Gro this week:

• Positive Sentiment: Q1 results beat expectations — adjusted EPS loss narrowed to ($0.77) vs. consensus ($1.04), revenue slightly beat at $354.4M, and management reaffirmed FY26 EPS guidance, signaling operational resilience. SMG Q1 beat (Zacks)
• Positive Sentiment: Management announced strategic actions: divesting Hawthorne (exiting most cannabis exposure) and launching a $500M share repurchase program plus a broader multi‑year buyback plan — moves that reduce volatile cannabis risk and return capital to shareholders. Strategic pivot & buyback (MSN)
• Positive Sentiment: High‑profile analyst support: Wells Fargo bumped its price target to $70 and maintained an Overweight, and William Blair reiterated a Buy — analyst upgrades/targets can lift sentiment and attract flows. Analyst coverage (Benzinga/TickerReport)
• Neutral Sentiment: Management released multi‑year growth targets (aiming for $1B incremental sales and $1B incremental EBITDA by 2030). These are strategic positive signals but are long‑dated and execution dependent. 2030 targets (MSN)
• Neutral Sentiment: UBS nudged its price target to $66 but left a Neutral rating, reflecting continued consumer staples headwinds; expanded equity incentives were approved at the annual meeting (aligns management but could imply future dilution). UBS note (InsiderMonkey) Equity incentives (TipRanks)
• Negative Sentiment: Underlying fundamentals show strain: revenue was down ~3.3% year‑over‑year and the company still reports a negative return on equity, underscoring margin and efficiency challenges that could limit upside absent sustained execution. Q1 details (MarketBeat)

About Scotts Miracle-Gro

Scotts Miracle-Gro Company is a leading developer, manufacturer and distributor of consumer lawn and garden products. The firm serves both retail and professional customers through an array of branded offerings that include lawn fertilizers, grass seed, pest and disease control solutions, plant foods and specialty products for indoor and outdoor gardening. Its portfolio spans well-known names such as Scotts®, Miracle-Gro®, Ortho® and various hydroponic and specialty garden brands.

Headquartered in Marysville, Ohio, the company traces its roots to O.M.