Scotts Miracle-Gro (SMG) Rating Increased to Hold at ValuEngine

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Scotts Miracle-Gro (NYSE:SMG) was upgraded by ValuEngine from a “sell” rating to a “hold” rating in a report released on Thursday.

SMG has been the topic of a number of other research reports. Bank of America reaffirmed a “sell” rating and set a $80.00 target price on shares of Scotts Miracle-Gro in a research note on Wednesday, June 13th. SunTrust Banks decreased their target price on shares of Scotts Miracle-Gro to $80.00 and set a “hold” rating on the stock in a research note on Wednesday, April 18th. JPMorgan Chase & Co. cut shares of Scotts Miracle-Gro from a “neutral” rating to an “underweight” rating and decreased their target price for the stock from $95.00 to $85.00 in a research note on Friday, June 1st. Zacks Investment Research cut shares of Scotts Miracle-Gro from a “buy” rating to a “sell” rating in a research note on Tuesday, April 17th. Finally, Raymond James cut shares of Scotts Miracle-Gro from a “market perform” rating to an “underperform” rating in a research note on Wednesday, June 20th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Scotts Miracle-Gro currently has an average rating of “Hold” and an average price target of $90.75.

Scotts Miracle-Gro opened at $83.16 on Thursday, according to Marketbeat.com. The firm has a market cap of $4.56 billion, a price-to-earnings ratio of 21.11, a P/E/G ratio of 2.47 and a beta of 0.27. Scotts Miracle-Gro has a fifty-two week low of $76.60 and a fifty-two week high of $110.12. The company has a current ratio of 1.81, a quick ratio of 1.15 and a debt-to-equity ratio of 3.91.

Scotts Miracle-Gro (NYSE:SMG) last posted its earnings results on Tuesday, May 1st. The basic materials company reported $2.88 earnings per share for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.43). The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.08 billion. Scotts Miracle-Gro had a return on equity of 40.86% and a net margin of 9.15%. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.78 EPS. sell-side analysts predict that Scotts Miracle-Gro will post 3.83 earnings per share for the current year.

In related news, insider Michael C. Lukemire sold 8,594 shares of the business’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of $81.64, for a total value of $701,614.16. Following the sale, the insider now owns 35,638 shares of the company’s stock, valued at $2,909,486.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Brian D. Finn acquired 7,500 shares of Scotts Miracle-Gro stock in a transaction that occurred on Friday, May 4th. The stock was acquired at an average cost of $79.95 per share, for a total transaction of $599,625.00. Following the purchase, the director now owns 21,874 shares of the company’s stock, valued at $1,748,826.30. The disclosure for this purchase can be found here. In the last three months, insiders sold 182,374 shares of company stock worth $15,166,110. 29.14% of the stock is currently owned by insiders.

Several institutional investors have recently modified their holdings of the stock. Asset Management One Co. Ltd. bought a new stake in Scotts Miracle-Gro during the first quarter valued at $179,000. Mackay Shields LLC bought a new stake in Scotts Miracle-Gro during the first quarter valued at $210,000. South State Corp bought a new stake in Scotts Miracle-Gro during the first quarter valued at $212,000. ETRADE Capital Management LLC bought a new stake in Scotts Miracle-Gro during the first quarter valued at $225,000. Finally, Cubist Systematic Strategies LLC bought a new stake in Scotts Miracle-Gro during the first quarter valued at $306,000. 65.98% of the stock is currently owned by institutional investors.

Scotts Miracle-Gro Company Profile

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

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Scotts Miracle-Gro (NYSE:SMG)

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