What is William Blair’s Estimate for SMG FY2025 Earnings?

The Scotts Miracle-Gro Company (NYSE:SMG) – Equities research analysts at William Blair raised their FY2025 earnings estimates for shares of Scotts Miracle-Gro in a report issued on Wednesday, November 6th. William Blair analyst J. Andersen now anticipates that the basic materials company will post earnings per share of $3.30 for the year, up from their prior estimate of $3.25. The consensus estimate for Scotts Miracle-Gro’s current full-year earnings is $3.57 per share. William Blair also issued estimates for Scotts Miracle-Gro’s FY2026 earnings at $3.75 EPS.

Several other equities analysts have also issued reports on SMG. Truist Financial decreased their target price on Scotts Miracle-Gro from $90.00 to $70.00 and set a “hold” rating on the stock in a research note on Friday, November 8th. Wells Fargo & Company lowered their price objective on shares of Scotts Miracle-Gro from $95.00 to $85.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Stifel Nicolaus lifted their price objective on shares of Scotts Miracle-Gro from $75.00 to $81.00 and gave the company a “hold” rating in a report on Monday, November 4th. UBS Group reduced their target price on shares of Scotts Miracle-Gro from $90.00 to $77.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Scotts Miracle-Gro from $85.00 to $80.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $78.60.

Scotts Miracle-Gro Stock Down 1.1 %

NYSE:SMG opened at $73.58 on Monday. Scotts Miracle-Gro has a 52 week low of $48.84 and a 52 week high of $93.90. The stock’s fifty day moving average is $81.00 and its two-hundred day moving average is $72.57. The stock has a market capitalization of $4.18 billion, a price-to-earnings ratio of -106.64 and a beta of 1.76.

Hedge Funds Weigh In On Scotts Miracle-Gro

Several hedge funds have recently made changes to their positions in SMG. BNP Paribas Financial Markets grew its stake in Scotts Miracle-Gro by 72.6% during the 1st quarter. BNP Paribas Financial Markets now owns 42,928 shares of the basic materials company’s stock worth $3,202,000 after buying an additional 18,060 shares during the last quarter. Texas Permanent School Fund Corp boosted its holdings in shares of Scotts Miracle-Gro by 2.4% in the first quarter. Texas Permanent School Fund Corp now owns 36,647 shares of the basic materials company’s stock valued at $2,734,000 after acquiring an additional 866 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of Scotts Miracle-Gro by 9.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 15,041 shares of the basic materials company’s stock worth $1,122,000 after acquiring an additional 1,289 shares during the last quarter. Swiss National Bank increased its holdings in shares of Scotts Miracle-Gro by 1.1% in the 1st quarter. Swiss National Bank now owns 83,900 shares of the basic materials company’s stock valued at $6,258,000 after acquiring an additional 900 shares during the period. Finally, Atomi Financial Group Inc. purchased a new stake in Scotts Miracle-Gro in the 1st quarter valued at $267,000. Hedge funds and other institutional investors own 74.07% of the company’s stock.

Insider Transactions at Scotts Miracle-Gro

In other Scotts Miracle-Gro news, major shareholder Hagedorn Partnership, L.P. sold 85,130 shares of the firm’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $70.93, for a total value of $6,038,270.90. Following the sale, the insider now directly owns 13,608,238 shares in the company, valued at $965,232,321.34. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, COO Nathan Eric Baxter sold 2,988 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $70.93, for a total value of $211,938.84. Following the completion of the transaction, the chief operating officer now owns 37,920 shares in the company, valued at approximately $2,689,665.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, major shareholder Hagedorn Partnership, L.P. sold 85,130 shares of Scotts Miracle-Gro stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $70.93, for a total transaction of $6,038,270.90. Following the sale, the insider now owns 13,608,238 shares in the company, valued at $965,232,321.34. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 26.46% of the company’s stock.

Scotts Miracle-Gro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a $0.66 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.59%. Scotts Miracle-Gro’s payout ratio is -382.61%.

About Scotts Miracle-Gro

The Scotts Miracle-Gro Company, together with its subsidiaries, manufactures, markets, and sells products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. It operates through three segments: U.S. Consumer, Hawthorne, and Other. The company provides lawn care products, comprising lawn fertilizers, grass seed products, spreaders, and other durable products, as well as lawn-related weed, pest, and disease control products; and gardening and landscape products, which include water-soluble and continuous-release plant foods, potting mixes, garden soils, mulches and ground cover products, plant-related pest and disease control products, organic garden products, and live goods and seeding solutions.