Scotts Miracle-Gro Co. (NYSE:SMG) has been assigned a consensus rating of “Buy” from the six brokerages that are covering the firm. One investment analyst has rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $85.00.

Several equities research analysts recently weighed in on SMG shares. Zacks Investment Research raised shares of Scotts Miracle-Gro from a “sell” rating to a “hold” rating in a report on Saturday, August 6th. Gabelli started coverage on shares of Scotts Miracle-Gro in a report on Thursday, October 20th. They issued a “buy” rating for the company. JPMorgan Chase & Co. raised shares of Scotts Miracle-Gro from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $70.00 to $85.00 in a report on Thursday, August 4th. Finally, Tigress Financial reaffirmed a “buy” rating on shares of Scotts Miracle-Gro in a report on Monday, August 29th.

Shares of Scotts Miracle-Gro (NYSE:SMG) traded up 0.27% during midday trading on Friday, hitting $90.45. 147,277 shares of the stock were exchanged. The stock’s 50-day moving average price is $87.23 and its 200 day moving average price is $78.15. Scotts Miracle-Gro has a one year low of $62.20 and a one year high of $91.66. The stock has a market cap of $5.48 billion, a P/E ratio of 17.52 and a beta of 0.65.

Scotts Miracle-Gro (NYSE:SMG) last announced its quarterly earnings results on Thursday, November 3rd. The company reported ($0.30) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.28) by $0.02. Scotts Miracle-Gro had a net margin of 11.09% and a return on equity of 33.46%. The firm had revenue of $402.30 million for the quarter, compared to analyst estimates of $370 million. During the same period last year, the firm posted ($0.12) EPS. The business’s revenue was up 7.2% compared to the same quarter last year. On average, analysts anticipate that Scotts Miracle-Gro will post $4.22 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Shareholders of record on Friday, November 25th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 2.22%. The ex-dividend date of this dividend is Tuesday, November 22nd. Scotts Miracle-Gro’s payout ratio is 38.91%.

In other Scotts Miracle-Gro news, Director Katherine Littlefield Hagedorn sold 15,050 shares of the company’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $82.50, for a total value of $1,241,625.00. Following the completion of the sale, the director now directly owns 20,207 shares of the company’s stock, valued at approximately $1,667,077.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Ivan C. Smith sold 1,394 shares of the company’s stock in a transaction dated Friday, September 2nd. The shares were sold at an average price of $82.92, for a total transaction of $115,590.48. Following the completion of the sale, the executive vice president now directly owns 6,711 shares of the company’s stock, valued at $556,476.12. The disclosure for this sale can be found here. 27.28% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of SMG. Mackenzie Financial Corp increased its stake in shares of Scotts Miracle-Gro by 1.0% in the second quarter. Mackenzie Financial Corp now owns 6,690 shares of the company’s stock worth $468,000 after buying an additional 66 shares during the last quarter. Nisa Investment Advisors LLC increased its stake in Scotts Miracle-Gro by 0.3% in the second quarter. Nisa Investment Advisors LLC now owns 34,760 shares of the company’s stock valued at $2,430,000 after buying an additional 100 shares during the last quarter. State Treasurer State of Michigan increased its stake in Scotts Miracle-Gro by 0.6% in the third quarter. State Treasurer State of Michigan now owns 18,275 shares of the company’s stock valued at $1,522,000 after buying an additional 100 shares during the last quarter. Wealthsource Partners LLC increased its stake in Scotts Miracle-Gro by 1.6% in the second quarter. Wealthsource Partners LLC now owns 7,639 shares of the company’s stock valued at $534,000 after buying an additional 118 shares during the last quarter. Finally, Atria Investments LLC increased its stake in Scotts Miracle-Gro by 2.4% in the third quarter. Atria Investments LLC now owns 5,744 shares of the company’s stock valued at $478,000 after buying an additional 132 shares during the last quarter. 70.73% of the stock is owned by institutional investors.

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About Scotts Miracle-Gro

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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