FY2025 EPS Estimate for Scotts Miracle-Gro Lifted by Analyst

The Scotts Miracle-Gro Company (NYSE:SMG - Free Report) - William Blair boosted their FY2025 earnings estimates for shares of Scotts Miracle-Gro in a research report issued on Wednesday, November 6th. William Blair analyst J. Andersen now expects that the basic materials company will post earnings per share of $3.30 for the year, up from their previous forecast of $3.25. The consensus estimate for Scotts Miracle-Gro's current full-year earnings is $3.57 per share. William Blair also issued estimates for Scotts Miracle-Gro's FY2026 earnings at $3.75 EPS.

Other equities analysts also recently issued reports about the company. JPMorgan Chase & Co. lowered their price objective on Scotts Miracle-Gro from $85.00 to $80.00 and set an "overweight" rating for the company in a research report on Thursday. Wells Fargo & Company lowered their price target on Scotts Miracle-Gro from $95.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday. Truist Financial lowered their price target on Scotts Miracle-Gro from $90.00 to $70.00 and set a "hold" rating for the company in a report on Friday. Stifel Nicolaus upped their price target on Scotts Miracle-Gro from $75.00 to $81.00 and gave the company a "hold" rating in a report on Monday, November 4th. Finally, UBS Group reduced their price objective on Scotts Miracle-Gro from $90.00 to $77.00 and set a "neutral" rating for the company in a research note on Thursday. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $78.60.

Scotts Miracle-Gro Price Performance

SMG traded up $1.78 during trading on Monday, reaching $74.38. 1,026,549 shares of the company's stock were exchanged, compared to its average volume of 816,991. The stock has a market capitalization of $4.23 billion, a P/E ratio of -105.22 and a beta of 1.76. Scotts Miracle-Gro has a 1 year low of $48.84 and a 1 year high of $93.90. The company's fifty day simple moving average is $80.87 and its 200-day simple moving average is $72.48.

Institutional Trading of Scotts Miracle-Gro

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Global X Japan Co. Ltd. bought a new stake in shares of Scotts Miracle-Gro in the 3rd quarter valued at approximately $26,000. Farther Finance Advisors LLC grew its stake in shares of Scotts Miracle-Gro by 427.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 332 shares of the basic materials company's stock valued at $29,000 after purchasing an additional 269 shares during the period. Blue Trust Inc. grew its position in Scotts Miracle-Gro by 83.6% during the 3rd quarter. Blue Trust Inc. now owns 369 shares of the basic materials company's stock worth $32,000 after acquiring an additional 168 shares during the last quarter. Whittier Trust Co. of Nevada Inc. bought a new stake in Scotts Miracle-Gro during the 2nd quarter worth approximately $25,000. Finally, Versant Capital Management Inc grew its position in Scotts Miracle-Gro by 80.1% during the 2nd quarter. Versant Capital Management Inc now owns 389 shares of the basic materials company's stock worth $25,000 after acquiring an additional 173 shares during the last quarter. Institutional investors and hedge funds own 74.07% of the company's stock.

Insider Activity at Scotts Miracle-Gro

In other Scotts Miracle-Gro news, COO Nathan Eric Baxter sold 2,988 shares of the firm's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $70.93, for a total transaction of $211,938.84. Following the completion of the sale, the chief operating officer now owns 37,920 shares in the company, valued at $2,689,665.60. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, COO Nathan Eric Baxter sold 2,988 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $70.93, for a total transaction of $211,938.84. Following the completion of the transaction, the chief operating officer now owns 37,920 shares in the company, valued at $2,689,665.60. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Hagedorn Partnership, L.P. sold 85,130 shares of the business's stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $70.93, for a total value of $6,038,270.90. Following the transaction, the insider now owns 13,608,238 shares of the company's stock, valued at $965,232,321.34. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 26.46% of the company's stock.

Scotts Miracle-Gro Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be issued a dividend of $0.66 per share. The ex-dividend date is Friday, November 22nd. This represents a $2.64 annualized dividend and a dividend yield of 3.55%. Scotts Miracle-Gro's payout ratio is currently -382.61%.

About Scotts Miracle-Gro

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.