Scotts Miracle-Gro Company (The) (NYSE:SMG) has been assigned an average rating of “Hold” from the six research firms that are currently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $101.33.

A number of equities analysts have recently weighed in on the stock. J P Morgan Chase & Co cut shares of Scotts Miracle-Gro Company (The) from an “overweight” rating to a “neutral” rating and set a $99.00 price target on the stock. in a research report on Wednesday, November 8th. Bank of America Corporation lifted their price target on shares of Scotts Miracle-Gro Company (The) from $107.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. KeyCorp reissued a “hold” rating on shares of Scotts Miracle-Gro Company (The) in a research report on Monday, October 16th. Zacks Investment Research cut shares of Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, SunTrust Banks, Inc. reissued a “hold” rating and set a $95.00 price target on shares of Scotts Miracle-Gro Company (The) in a research report on Friday, November 10th.

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Shares of Scotts Miracle-Gro Company (NYSE:SMG) traded down $0.17 during mid-day trading on Monday, reaching $97.78. 423,378 shares of the company’s stock were exchanged, compared to its average volume of 316,852. The company has a market capitalization of $5,710.00, a PE ratio of 23.42, a PEG ratio of 2.32 and a beta of 0.37. Scotts Miracle-Gro Company has a 1 year low of $81.48 and a 1 year high of $102.50. The company has a current ratio of 1.62, a quick ratio of 0.87 and a debt-to-equity ratio of 1.90.

Scotts Miracle-Gro Company (The) (NYSE:SMG) last announced its quarterly earnings results on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.30) by $0.04. The company had revenue of $376.70 million for the quarter, compared to analysts’ expectations of $368.50 million. Scotts Miracle-Gro Company (The) had a net margin of 7.51% and a return on equity of 37.81%. The business’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same period last year, the firm posted ($0.30) earnings per share. analysts forecast that Scotts Miracle-Gro Company will post 4.3 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Friday, November 24th will be issued a dividend of $0.53 per share. The ex-dividend date is Wednesday, November 22nd. This represents a $2.12 dividend on an annualized basis and a dividend yield of 2.17%. Scotts Miracle-Gro Company (The)’s payout ratio is 61.27%.

In related news, CFO Thomas Randal Coleman sold 1,226 shares of the firm’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $99.67, for a total transaction of $122,195.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Nancy G. Mistretta sold 5,000 shares of the firm’s stock in a transaction on Friday, October 13th. The stock was sold at an average price of $100.11, for a total transaction of $500,550.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,226 shares of company stock worth $6,661,305. 28.16% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of the business. World Asset Management Inc increased its stake in Scotts Miracle-Gro Company (The) by 0.5% in the 2nd quarter. World Asset Management Inc now owns 3,135 shares of the basic materials company’s stock valued at $280,000 after buying an additional 17 shares during the last quarter. US Bancorp DE increased its stake in shares of Scotts Miracle-Gro Company (The) by 0.3% during the 2nd quarter. US Bancorp DE now owns 15,101 shares of the basic materials company’s stock worth $1,351,000 after purchasing an additional 49 shares during the last quarter. Teacher Retirement System of Texas increased its stake in shares of Scotts Miracle-Gro Company (The) by 1.6% during the 2nd quarter. Teacher Retirement System of Texas now owns 3,590 shares of the basic materials company’s stock worth $321,000 after purchasing an additional 57 shares during the last quarter. Ameritas Investment Partners Inc. increased its stake in shares of Scotts Miracle-Gro Company (The) by 0.5% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 13,733 shares of the basic materials company’s stock worth $1,228,000 after purchasing an additional 67 shares during the last quarter. Finally, Delta Asset Management LLC TN increased its stake in shares of Scotts Miracle-Gro Company (The) by 3.8% during the 2nd quarter. Delta Asset Management LLC TN now owns 2,025 shares of the basic materials company’s stock worth $181,000 after purchasing an additional 75 shares during the last quarter. Hedge funds and other institutional investors own 68.34% of the company’s stock.

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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