The Scotts Miracle-Gro Company $SMG Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC boosted its stake in The Scotts Miracle-Gro Company (NYSE:SMG) by 531.6% in the third quarter, Holdings Channel.com reports. The fund owned 42,381 shares of the basic materials company’s stock after buying an additional 35,671 shares during the quarter. SG Americas Securities LLC’s holdings in Scotts Miracle-Gro were worth $2,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. American National Bank & Trust purchased a new stake in shares of Scotts Miracle-Gro in the 2nd quarter valued at about $28,000. Byrne Asset Management LLC acquired a new position in Scotts Miracle-Gro during the second quarter worth approximately $45,000. Spire Wealth Management lifted its stake in Scotts Miracle-Gro by 32.1% in the second quarter. Spire Wealth Management now owns 725 shares of the basic materials company’s stock valued at $48,000 after buying an additional 176 shares during the last quarter. Carolina Wealth Advisors LLC purchased a new stake in Scotts Miracle-Gro in the third quarter valued at approximately $55,000. Finally, First Horizon Advisors Inc. boosted its holdings in shares of Scotts Miracle-Gro by 835.1% in the second quarter. First Horizon Advisors Inc. now owns 907 shares of the basic materials company’s stock valued at $60,000 after acquiring an additional 810 shares during the period. Hedge funds and other institutional investors own 74.07% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on SMG shares. Wells Fargo & Company reduced their price target on shares of Scotts Miracle-Gro from $75.00 to $67.00 and set an “overweight” rating for the company in a research report on Thursday, September 25th. Wall Street Zen lowered shares of Scotts Miracle-Gro from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Jefferies Financial Group increased their target price on shares of Scotts Miracle-Gro from $71.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. UBS Group lowered their price target on Scotts Miracle-Gro from $62.00 to $61.00 and set a “neutral” rating on the stock in a report on Thursday, November 6th. Finally, Stifel Nicolaus set a $70.00 price objective on Scotts Miracle-Gro and gave the company a “buy” rating in a research note on Thursday, November 6th. Five research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $69.50.

Scotts Miracle-Gro Stock Up 1.7%

Shares of NYSE:SMG opened at $62.45 on Wednesday. The Scotts Miracle-Gro Company has a fifty-two week low of $45.61 and a fifty-two week high of $79.11. The firm’s 50-day simple moving average is $57.12 and its 200-day simple moving average is $59.72. The company has a market cap of $3.62 billion, a price-to-earnings ratio of 25.80 and a beta of 1.95.

Scotts Miracle-Gro (NYSE:SMG) last announced its quarterly earnings data on Wednesday, November 5th. The basic materials company reported ($1.96) EPS for the quarter, missing analysts’ consensus estimates of ($1.88) by ($0.08). Scotts Miracle-Gro had a net margin of 4.26% and a negative return on equity of 67.74%. The firm had revenue of $387.30 million during the quarter, compared to analyst estimates of $396.75 million. During the same quarter in the previous year, the business earned ($2.31) EPS. Scotts Miracle-Gro’s revenue for the quarter was down 6.6% on a year-over-year basis. Scotts Miracle-Gro has set its FY 2025 guidance at 4.150-4.350 EPS. On average, research analysts forecast that The Scotts Miracle-Gro Company will post 3.42 EPS for the current year.

Scotts Miracle-Gro Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, December 5th. Investors of record on Friday, November 21st were paid a $0.66 dividend. The ex-dividend date was Friday, November 21st. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.2%. Scotts Miracle-Gro’s payout ratio is 109.09%.

About Scotts Miracle-Gro

Scotts Miracle-Gro Company is a leading developer, manufacturer and distributor of consumer lawn and garden products. The firm serves both retail and professional customers through an array of branded offerings that include lawn fertilizers, grass seed, pest and disease control solutions, plant foods and specialty products for indoor and outdoor gardening. Its portfolio spans well-known names such as Scotts®, Miracle-Gro®, Ortho® and various hydroponic and specialty garden brands.

Headquartered in Marysville, Ohio, the company traces its roots to O.M.