The Scotts Miracle-Gro Company (NYSE:SMG - Free Report) - Investment analysts at Zacks Research reduced their Q3 2026 earnings estimates for shares of Scotts Miracle-Gro in a note issued to investors on Tuesday, November 26th. Zacks Research analyst S. Rathi now expects that the basic materials company will post earnings per share of $2.10 for the quarter, down from their previous forecast of $2.27. The consensus estimate for Scotts Miracle-Gro's current full-year earnings is $3.36 per share. Zacks Research also issued estimates for Scotts Miracle-Gro's FY2026 earnings at $3.90 EPS and FY2027 earnings at $2.96 EPS.
Other equities analysts have also issued research reports about the company. Stifel Nicolaus upped their price objective on Scotts Miracle-Gro from $75.00 to $81.00 and gave the stock a "hold" rating in a research note on Monday, November 4th. Wells Fargo & Company cut their price objective on shares of Scotts Miracle-Gro from $95.00 to $85.00 and set an "overweight" rating for the company in a report on Thursday, November 7th. UBS Group lowered their target price on shares of Scotts Miracle-Gro from $90.00 to $77.00 and set a "neutral" rating on the stock in a report on Thursday, November 7th. Truist Financial dropped their target price on shares of Scotts Miracle-Gro from $90.00 to $70.00 and set a "hold" rating for the company in a research report on Friday, November 8th. Finally, JPMorgan Chase & Co. decreased their price target on shares of Scotts Miracle-Gro from $85.00 to $80.00 and set an "overweight" rating on the stock in a research note on Thursday, November 7th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, Scotts Miracle-Gro has a consensus rating of "Hold" and an average target price of $78.60.
View Our Latest Analysis on Scotts Miracle-Gro
Scotts Miracle-Gro Stock Down 2.6 %
SMG stock traded down $2.00 during trading on Thursday, reaching $75.80. The company's stock had a trading volume of 678,602 shares, compared to its average volume of 815,950. The company's fifty day moving average is $82.55 and its 200-day moving average is $73.10. The company has a market capitalization of $4.31 billion, a P/E ratio of -109.86 and a beta of 1.76. Scotts Miracle-Gro has a 1 year low of $53.43 and a 1 year high of $93.90.
Hedge Funds Weigh In On Scotts Miracle-Gro
A number of institutional investors and hedge funds have recently made changes to their positions in SMG. OLD National Bancorp IN lifted its holdings in shares of Scotts Miracle-Gro by 2.7% in the 3rd quarter. OLD National Bancorp IN now owns 5,049 shares of the basic materials company's stock valued at $438,000 after acquiring an additional 131 shares during the last quarter. Nicollet Investment Management Inc. lifted its stake in shares of Scotts Miracle-Gro by 1.1% in the 3rd quarter. Nicollet Investment Management Inc. now owns 12,845 shares of the basic materials company's stock valued at $1,114,000 after purchasing an additional 135 shares during the last quarter. Hexagon Capital Partners LLC lifted its stake in shares of Scotts Miracle-Gro by 41.3% in the 2nd quarter. Hexagon Capital Partners LLC now owns 551 shares of the basic materials company's stock valued at $36,000 after purchasing an additional 161 shares during the last quarter. Blue Trust Inc. boosted its holdings in shares of Scotts Miracle-Gro by 83.6% in the 3rd quarter. Blue Trust Inc. now owns 369 shares of the basic materials company's stock worth $32,000 after purchasing an additional 168 shares during the period. Finally, Versant Capital Management Inc increased its position in shares of 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 valued at $25,000 after purchasing an additional 173 shares during the last quarter. 74.07% of the stock is owned by hedge funds and other institutional investors.
Scotts Miracle-Gro Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Investors of record on Friday, November 22nd will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Friday, November 22nd. Scotts Miracle-Gro's payout ratio is -382.61%.
Scotts Miracle-Gro Company Profile
(
Get 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.
Further Reading
Before you consider Scotts Miracle-Gro, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Scotts Miracle-Gro wasn't on the list.
While Scotts Miracle-Gro currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
