Scotts Miracle-Gro Company (The) (NYSE:SMG) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Wednesday.
Separately, Zacks Investment Research lowered Scotts Miracle-Gro Company (The) from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $97.00.
Shares of Scotts Miracle-Gro Company (NYSE SMG) traded up 2.06% during mid-day trading on Wednesday, hitting $95.68. The stock had a trading volume of 640,104 shares. The firm has a market capitalization of $5.70 billion, a PE ratio of 20.51 and a beta of 0.40. Scotts Miracle-Gro Company has a 1-year low of $74.54 and a 1-year high of $99.91. The stock’s 50-day moving average is $91.45 and its 200-day moving average is $91.50.
Scotts Miracle-Gro Company (The) (NYSE:SMG) last announced its quarterly earnings data on Tuesday, August 1st. The basic materials company reported $2.63 EPS for the quarter, beating the consensus estimate of $2.51 by $0.12. The firm had revenue of $1.08 billion for the quarter, compared to analyst estimates of $1.06 billion. Scotts Miracle-Gro Company (The) had a return on equity of 31.76% and a net margin of 10.23%. The company’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the company earned $2.16 EPS. Equities analysts expect that Scotts Miracle-Gro Company will post $4.12 earnings per share for the current year.
COPYRIGHT VIOLATION NOTICE: This article was reported by StockNewsTimes and is owned by of StockNewsTimes. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright & trademark legislation. The legal version of this article can be accessed at https://stocknewstimes.com/2017/08/02/scotts-miracle-gro-company-the-smg-rating-increased-to-hold-at-bidaskclub.html.
In related news, EVP Denise Stump sold 22,615 shares of the firm’s stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $95.05, for a total transaction of $2,149,555.75. Following the transaction, the executive vice president now directly owns 19,444 shares in the company, valued at approximately $1,848,152.20. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, major shareholder Hagedorn Partnership, L.P. sold 4,259 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $89.46, for a total value of $381,010.14. Following the transaction, the insider now owns 15,771,259 shares in the company, valued at $1,410,896,830.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 50,038 shares of company stock worth $4,587,090. 28.16% of the stock is owned by corporate insiders.
A number of institutional investors have recently bought and sold shares of SMG. BlackRock Inc. raised its position in Scotts Miracle-Gro Company (The) by 4,283.1% in the first quarter. BlackRock Inc. now owns 3,698,839 shares of the basic materials company’s stock valued at $345,434,000 after buying an additional 3,614,451 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. raised its position in Scotts Miracle-Gro Company (The) by 2,192.2% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 351,327 shares of the basic materials company’s stock valued at $32,810,000 after buying an additional 336,000 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its position in Scotts Miracle-Gro Company (The) by 43.0% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 829,075 shares of the basic materials company’s stock valued at $77,427,000 after buying an additional 249,101 shares during the last quarter. Lazard Asset Management LLC boosted its stake in Scotts Miracle-Gro Company (The) by 95,748.9% in the first quarter. Lazard Asset Management LLC now owns 227,162 shares of the basic materials company’s stock valued at $21,213,000 after buying an additional 226,925 shares during the period. Finally, Renaissance Technologies LLC boosted its stake in Scotts Miracle-Gro Company (The) by 240.4% in the first quarter. Renaissance Technologies LLC now owns 257,800 shares of the basic materials company’s stock valued at $24,076,000 after buying an additional 182,063 shares during the period. Institutional investors and hedge funds own 68.02% of the company’s stock.
Scotts Miracle-Gro Company (The) 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.
Receive News & Ratings for Scotts Miracle-Gro Company (The) Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scotts Miracle-Gro Company (The) and related companies with MarketBeat.com's FREE daily email newsletter.
