The Scotts Miracle-Gro (NYSE:SMG) Sets New 12-Month Low at $139.20

The Scotts Miracle-Gro Company (NYSE:SMG)’s share price hit a new 52-week low on Tuesday . The company traded as low as $139.20 and last traded at $145.50, with a volume of 439497 shares changing hands. The stock had previously closed at $142.31.

A number of analysts have commented on SMG shares. Stifel Nicolaus started coverage on shares of The Scotts Miracle-Gro in a report on Tuesday, July 27th. They set a “buy” rating and a $220.00 target price for the company. Raymond James reduced their price objective on shares of The Scotts Miracle-Gro from $230.00 to $200.00 and set a “strong-buy” rating for the company in a research note on Wednesday, September 15th. JPMorgan Chase & Co. reduced their price objective on shares of The Scotts Miracle-Gro from $240.00 to $198.00 and set a “neutral” rating for the company in a research note on Thursday, June 24th. UBS Group started coverage on shares of The Scotts Miracle-Gro in a research note on Wednesday, June 23rd. They issued a “buy” rating and a $225.00 price objective for the company. Finally, Berenberg Bank reissued a “buy” rating and issued a $257.00 price objective on shares of The Scotts Miracle-Gro in a research note on Wednesday, September 1st. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $227.56.

The company has a market capitalization of $8.12 billion, a PE ratio of 14.74 and a beta of 1.13. The company’s 50 day moving average is $163.55 and its two-hundred day moving average is $199.79. The company has a quick ratio of 1.22, a current ratio of 2.15 and a debt-to-equity ratio of 1.90.

The Scotts Miracle-Gro (NYSE:SMG) last released its quarterly earnings data on Wednesday, August 4th. The basic materials company reported $3.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $3.52 by $0.46. The Scotts Miracle-Gro had a net margin of 11.11% and a return on equity of 66.94%. The business had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the business earned $3.80 earnings per share. The Scotts Miracle-Gro’s quarterly revenue was up 7.8% compared to the same quarter last year. Analysts forecast that The Scotts Miracle-Gro Company will post 9.21 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 10th. Shareholders of record on Friday, August 27th were given a dividend of $0.66 per share. The ex-dividend date was Thursday, August 26th. This represents a $2.64 annualized dividend and a yield of 1.81%. This is a positive change from The Scotts Miracle-Gro’s previous quarterly dividend of $0.62. The Scotts Miracle-Gro’s dividend payout ratio (DPR) is 36.46%.

A number of hedge funds have recently added to or reduced their stakes in the business. Strategy Asset Managers LLC lifted its position in The Scotts Miracle-Gro by 2.1% during the first quarter. Strategy Asset Managers LLC now owns 2,254 shares of the basic materials company’s stock valued at $552,000 after purchasing an additional 46 shares during the last quarter. CIBC Private Wealth Group LLC lifted its holdings in shares of The Scotts Miracle-Gro by 1.9% in the 1st quarter. CIBC Private Wealth Group LLC now owns 2,546 shares of the basic materials company’s stock worth $624,000 after acquiring an additional 48 shares during the last quarter. Nicollet Investment Management Inc. lifted its holdings in shares of The Scotts Miracle-Gro by 0.6% in the 1st quarter. Nicollet Investment Management Inc. now owns 7,955 shares of the basic materials company’s stock worth $1,949,000 after acquiring an additional 49 shares during the last quarter. First Heartland Consultants Inc. lifted its holdings in shares of The Scotts Miracle-Gro by 3.9% in the 1st quarter. First Heartland Consultants Inc. now owns 1,632 shares of the basic materials company’s stock worth $400,000 after acquiring an additional 62 shares during the last quarter. Finally, Hexagon Capital Partners LLC lifted its holdings in shares of The Scotts Miracle-Gro by 123.1% in the 1st quarter. Hexagon Capital Partners LLC now owns 116 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 64 shares during the last quarter. Institutional investors and hedge funds own 62.24% of the company’s stock.

The Scotts Miracle-Gro Company Profile (NYSE:SMG)

Scotts Miracle-Gro Co engages in the manufacture, marketing, and distribution of systems and accessories for hydroponic gardening. It operates through the following segments: U.S. Consumer, Hawthorne, and Other. The U.S. Consumer segment consists of consumer lawn and garden business. The Hawthorn segment includes indoor, urban, and hydroponic gardening business.

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