Landscape Capital Management L.L.C. acquired a new position in The Scotts Miracle-Gro Company (NYSE:SMG - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 44,506 shares of the basic materials company's stock, valued at approximately $2,953,000. Landscape Capital Management L.L.C. owned approximately 0.08% of Scotts Miracle-Gro as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in SMG. Oppenheimer & Co. Inc. raised its holdings in shares of Scotts Miracle-Gro by 19.6% in the 4th quarter. Oppenheimer & Co. Inc. now owns 3,134 shares of the basic materials company's stock valued at $208,000 after acquiring an additional 514 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of Scotts Miracle-Gro in the fourth quarter worth approximately $26,000. RBF Capital LLC purchased a new stake in Scotts Miracle-Gro in the third quarter valued at approximately $2,601,000. Geode Capital Management LLC lifted its position in Scotts Miracle-Gro by 2.1% during the third quarter. Geode Capital Management LLC now owns 708,558 shares of the basic materials company's stock valued at $61,448,000 after purchasing an additional 14,730 shares during the last quarter. Finally, Caprock Group LLC grew its stake in Scotts Miracle-Gro by 16.1% in the 4th quarter. Caprock Group LLC now owns 3,046 shares of the basic materials company's stock worth $202,000 after buying an additional 423 shares in the last quarter. 74.07% of the stock is currently owned by hedge funds and other institutional investors.
Scotts Miracle-Gro Trading Down 2.0 %
Scotts Miracle-Gro stock traded down $0.99 during trading hours on Wednesday, hitting $47.22. 472,596 shares of the stock traded hands, compared to its average volume of 865,779. The Scotts Miracle-Gro Company has a one year low of $46.37 and a one year high of $93.90. The company has a market cap of $2.71 billion, a PE ratio of -98.47 and a beta of 1.96. The firm's 50-day moving average price is $60.95 and its two-hundred day moving average price is $71.41.
Scotts Miracle-Gro (NYSE:SMG - Get Free Report) last announced its quarterly earnings data on Wednesday, January 29th. The basic materials company reported ($0.89) EPS for the quarter, beating the consensus estimate of ($1.23) by $0.34. Scotts Miracle-Gro had a negative return on equity of 51.48% and a negative net margin of 0.67%. During the same quarter last year, the company earned ($1.45) earnings per share. On average, sell-side analysts expect that The Scotts Miracle-Gro Company will post 3.42 earnings per share for the current fiscal year.
Scotts Miracle-Gro Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Friday, February 21st were issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a yield of 5.59%. The ex-dividend date was Friday, February 21st. Scotts Miracle-Gro's dividend payout ratio (DPR) is presently -550.00%.
Insider Buying and Selling at Scotts Miracle-Gro
In other news, Director Brian E. Sandoval sold 1,513 shares of Scotts Miracle-Gro stock in a transaction dated Wednesday, February 12th. The stock was sold at an average price of $65.86, for a total value of $99,646.18. Following the completion of the transaction, the director now owns 13,039 shares of the company's stock, valued at $858,748.54. The trade was a 10.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO James Hagedorn sold 142,733 shares of the company's stock in a transaction dated Thursday, January 30th. The stock was sold at an average price of $71.56, for a total transaction of $10,213,973.48. Following the completion of the transaction, the chief executive officer now owns 88,310 shares in the company, valued at approximately $6,319,463.60. The trade was a 61.78 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 159,937 shares of company stock valued at $11,379,275. Corporate insiders own 25.37% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have recently weighed in on the stock. Truist Financial upgraded shares of Scotts Miracle-Gro from a "hold" rating to a "buy" rating and set a $70.00 price objective on the stock in a research report on Wednesday, April 2nd. UBS Group lowered their price target on Scotts Miracle-Gro from $77.00 to $72.00 and set a "neutral" rating on the stock in a research report on Thursday, January 16th. Jefferies Financial Group upgraded Scotts Miracle-Gro from a "hold" rating to a "buy" rating and cut their price objective for the stock from $72.00 to $69.00 in a report on Monday. Wells Fargo & Company decreased their price objective on Scotts Miracle-Gro from $80.00 to $70.00 and set an "overweight" rating on the stock in a report on Wednesday, April 2nd. Finally, Stifel Nicolaus raised Scotts Miracle-Gro from a "hold" rating to a "buy" rating and cut their target price for the stock from $78.00 to $70.00 in a research note on Tuesday, March 4th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $71.83.
Read Our Latest Analysis on Scotts Miracle-Gro
Scotts Miracle-Gro Profile
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Free Report)
The Scotts Miracle-Gro Company, together with its subsidiaries, manufactures, markets, and sells products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. It operates through three segments: U.S. Consumer, Hawthorne, and Other. The company provides lawn care products, comprising lawn fertilizers, grass seed products, spreaders, and other durable products, as well as lawn-related weed, pest, and disease control products; and gardening and landscape products, which include water-soluble and continuous-release plant foods, potting mixes, garden soils, mulches and ground cover products, plant-related pest and disease control products, organic garden products, and live goods and seeding solutions.
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