Scotts Miracle-Gro Co (NYSE:SMG) Director Sells $258,834.00 in Stock

Scotts Miracle-Gro Co (NYSE:SMG) Director Katherine Littlefield Hagedorn sold 2,892 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $89.50, for a total value of $258,834.00. Following the completion of the transaction, the director now directly owns 9,043 shares of the company’s stock, valued at approximately $809,348.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Scotts Miracle-Gro Co (SMG) traded down $0.25 during trading hours on Thursday, reaching $90.11. The company’s stock had a trading volume of 124,615 shares, compared to its average volume of 800,029. Scotts Miracle-Gro Co has a 52 week low of $81.48 and a 52 week high of $110.12. The company has a current ratio of 2.09, a quick ratio of 0.61 and a debt-to-equity ratio of 3.34. The stock has a market cap of $5,074.81, a price-to-earnings ratio of 20.95, a P/E/G ratio of 1.93 and a beta of 0.20.

Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings data on Tuesday, January 30th. The basic materials company reported ($1.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.92) by ($0.16). Scotts Miracle-Gro had a negative return on equity of 13.93% and a negative net margin of 9.03%. The firm had revenue of $221.50 million for the quarter, compared to analysts’ expectations of $237.21 million. During the same quarter last year, the firm posted ($0.96) earnings per share. Scotts Miracle-Gro’s quarterly revenue was down 10.3% on a year-over-year basis. analysts anticipate that Scotts Miracle-Gro Co will post 4.7 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Shareholders of record on Friday, February 23rd will be paid a dividend of $0.53 per share. The ex-dividend date is Thursday, February 22nd. This represents a $2.12 annualized dividend and a yield of 2.35%. Scotts Miracle-Gro’s dividend payout ratio (DPR) is currently 49.07%.

Several equities analysts recently weighed in on the company. Zacks Investment Research upgraded Scotts Miracle-Gro from a “sell” rating to a “hold” rating and set a $121.00 price target for the company in a research note on Wednesday, January 10th. JPMorgan Chase & Co. lowered Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 price target for the company. in a research note on Wednesday, November 8th. Bank of America lifted their price target on Scotts Miracle-Gro from $107.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, November 8th. SunTrust Banks restated a “hold” rating and issued a $95.00 price target on shares of Scotts Miracle-Gro in a research note on Friday, November 10th. Finally, KeyCorp restated a “hold” rating on shares of Scotts Miracle-Gro in a research note on Saturday, November 25th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $104.25.

A number of large investors have recently bought and sold shares of SMG. Steward Partners Investment Advisory LLC grew its position in shares of Scotts Miracle-Gro by 2,291.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,148 shares of the basic materials company’s stock valued at $122,000 after purchasing an additional 1,100 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of Scotts Miracle-Gro in the fourth quarter valued at approximately $172,000. Charter Trust Co. purchased a new stake in shares of Scotts Miracle-Gro in the fourth quarter valued at approximately $203,000. Carnick & Kubik Group LLC purchased a new stake in shares of Scotts Miracle-Gro in the fourth quarter valued at approximately $209,000. Finally, Narwhal Capital Management purchased a new stake in shares of Scotts Miracle-Gro in the fourth quarter valued at approximately $214,000. Institutional investors own 67.41% of the company’s stock.

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Scotts Miracle-Gro Company Profile

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.

Insider Buying and Selling by Quarter for Scotts Miracle-Gro (NYSE:SMG)

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