Scotts Miracle-Gro (SMG) – Research Analysts’ Recent Ratings Updates

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Scotts Miracle-Gro (NYSE: SMG) has recently received a number of price target changes and ratings updates:

  • 5/15/2019 – Scotts Miracle-Gro was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating.
  • 5/2/2019 – Scotts Miracle-Gro was downgraded by analysts at Bank of America Corp from a “neutral” rating to an “underperform” rating. They now have a $83.00 price target on the stock, up previously from $81.00.
  • 5/1/2019 – Scotts Miracle-Gro was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating.
  • 5/1/2019 – Scotts Miracle-Gro was upgraded by analysts at TheStreet from a “c” rating to a “b” rating.
  • 3/27/2019 – Scotts Miracle-Gro was downgraded by analysts at Raymond James from an “outperform” rating to a “market perform” rating. They now have a $77.10 price target on the stock. They noted that the move was a valuation call. They noted that the move was a valuation call.

Shares of Scotts Miracle-Gro stock traded up $1.14 during trading on Friday, hitting $88.54. The company’s stock had a trading volume of 9,260 shares, compared to its average volume of 496,652. The firm has a market cap of $4.83 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 1.89 and a beta of 0.94. The company has a debt-to-equity ratio of 3.28, a current ratio of 1.59 and a quick ratio of 1.00. Scotts Miracle-Gro Co has a 52 week low of $57.96 and a 52 week high of $94.49.

Scotts Miracle-Gro (NYSE:SMG) last released its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $3.64 earnings per share for the quarter, beating analysts’ consensus estimates of $3.42 by $0.22. The business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.16 billion. Scotts Miracle-Gro had a net margin of 8.67% and a return on equity of 53.15%. Scotts Miracle-Gro’s revenue was up 17.4% compared to the same quarter last year. During the same period last year, the business earned $2.88 EPS. On average, equities analysts anticipate that Scotts Miracle-Gro Co will post 4.25 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th will be paid a dividend of $0.55 per share. The ex-dividend date is Friday, May 24th. This represents a $2.20 dividend on an annualized basis and a yield of 2.48%. Scotts Miracle-Gro’s dividend payout ratio is currently 59.30%.

A number of large investors have recently added to or reduced their stakes in the business. Utah Retirement Systems increased its stake in Scotts Miracle-Gro by 1.5% during the 1st quarter. Utah Retirement Systems now owns 7,575 shares of the basic materials company’s stock valued at $596,000 after purchasing an additional 115 shares in the last quarter. Commonwealth Equity Services LLC increased its stake in Scotts Miracle-Gro by 1.1% during the 1st quarter. Commonwealth Equity Services LLC now owns 11,385 shares of the basic materials company’s stock valued at $894,000 after purchasing an additional 120 shares in the last quarter. Huntington National Bank increased its stake in Scotts Miracle-Gro by 4.6% during the 1st quarter. Huntington National Bank now owns 2,838 shares of the basic materials company’s stock valued at $223,000 after purchasing an additional 125 shares in the last quarter. Eukles Asset Management increased its stake in Scotts Miracle-Gro by 3.9% during the 1st quarter. Eukles Asset Management now owns 3,345 shares of the basic materials company’s stock valued at $263,000 after purchasing an additional 125 shares in the last quarter. Finally, OppenheimerFunds Inc. increased its stake in Scotts Miracle-Gro by 1.3% during the 1st quarter. OppenheimerFunds Inc. now owns 10,056 shares of the basic materials company’s stock valued at $790,000 after purchasing an additional 129 shares in the last quarter. Institutional investors and hedge funds own 65.12% of the company’s stock.

The Scotts Miracle-Gro Company manufactures, markets, and sells consumer lawn and garden products in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It offers lawn care products, such as lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products.

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