Scotts Miracle-Gro Company (The) (NYSE:SMG)‘s stock had its “hold” rating reaffirmed by investment analysts at KeyCorp in a research report issued on Monday.

Several other research analysts have also commented on the stock. BidaskClub lowered shares of Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Zacks Investment Research lowered shares of Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a report on Wednesday, May 3rd. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of $101.00.

Shares of Scotts Miracle-Gro Company (NYSE:SMG) opened at 94.18 on Monday. Scotts Miracle-Gro Company has a one year low of $78.73 and a one year high of $99.91. The stock’s 50 day moving average price is $94.66 and its 200 day moving average price is $91.86. The stock has a market cap of $5.50 billion, a price-to-earnings ratio of 25.41 and a beta of 0.40.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last announced its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $2.63 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.51 by $0.12. The company had revenue of $1.08 billion during the quarter, compared to analyst estimates of $1.06 billion. Scotts Miracle-Gro Company (The) had a net margin of 7.85% and a return on equity of 36.28%. The firm’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period last year, the business earned $2.16 EPS. Analysts forecast that Scotts Miracle-Gro Company will post $4.15 earnings per share for the current year.

WARNING: This report was first posted by The Cerbat Gem and is the property of of The Cerbat Gem. If you are reading this report on another website, it was stolen and reposted in violation of United States and international copyright & trademark law. The original version of this report can be viewed at https://www.thecerbatgem.com/2017/08/30/keycorp-reiterates-hold-rating-for-scotts-miracle-gro-company-the-smg.html.

In other news, Chairman James Hagedorn sold 16,000 shares of Scotts Miracle-Gro Company (The) stock in a transaction dated Monday, August 28th. The shares were sold at an average price of $94.37, for a total value of $1,509,920.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Denise Stump sold 22,615 shares of Scotts Miracle-Gro Company (The) stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $95.05, for a total transaction of $2,149,555.75. Following the completion of the transaction, the executive vice president now directly owns 19,444 shares of the company’s stock, valued at $1,848,152.20. The disclosure for this sale can be found here. Insiders sold a total of 238,859 shares of company stock valued at $22,855,893 over the last ninety days. Company insiders own 28.16% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Scotts Miracle-Gro Company (The) by 4,283.1% in the first quarter. BlackRock Inc. now owns 3,698,839 shares of the basic materials company’s stock valued at $345,434,000 after buying an additional 3,614,451 shares during the period. TimesSquare Capital Management LLC purchased a new stake in shares of Scotts Miracle-Gro Company (The) during the second quarter valued at $61,566,000. Los Angeles Capital Management & Equity Research Inc. increased its stake in shares of Scotts Miracle-Gro Company (The) by 2,192.2% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 351,327 shares of the basic materials company’s stock valued at $32,810,000 after buying an additional 336,000 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC increased its stake in shares of Scotts Miracle-Gro Company (The) by 43.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 829,075 shares of the basic materials company’s stock valued at $77,427,000 after buying an additional 249,101 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of Scotts Miracle-Gro Company (The) by 95,748.9% in the first quarter. Lazard Asset Management LLC now owns 227,162 shares of the basic materials company’s stock valued at $21,213,000 after buying an additional 226,925 shares in the last quarter. 69.04% of the stock is owned by institutional investors and hedge funds.

About Scotts Miracle-Gro Company (The)

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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