Scotts Miracle-Gro (NYSE:SMG) Stock Rating Lowered by StockNews.com

Scotts Miracle-Gro (NYSE:SMGGet Free Report) was downgraded by research analysts at StockNews.com from a “hold” rating to a “sell” rating in a note issued to investors on Friday.

Separately, Stifel Nicolaus increased their price target on shares of Scotts Miracle-Gro from $49.00 to $55.00 and gave the company a “hold” rating in a research report on Monday, February 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $67.86.

View Our Latest Stock Report on Scotts Miracle-Gro

Scotts Miracle-Gro Stock Performance

NYSE SMG opened at $55.78 on Friday. Scotts Miracle-Gro has a 1 year low of $43.67 and a 1 year high of $88.61. The company has a debt-to-equity ratio of 19.50, a current ratio of 2.20 and a quick ratio of 0.67. The firm has a market cap of $3.16 billion, a price-to-earnings ratio of -7.92 and a beta of 1.67. The company has a fifty day moving average price of $60.11 and a 200-day moving average price of $55.38.

Scotts Miracle-Gro (NYSE:SMGGet Free Report) last posted its quarterly earnings results on Wednesday, February 7th. The basic materials company reported ($1.45) earnings per share for the quarter, beating the consensus estimate of ($1.62) by $0.17. The company had revenue of $410.40 million during the quarter, compared to analyst estimates of $412.83 million. Scotts Miracle-Gro had a negative net margin of 11.52% and a negative return on equity of 44.37%. The firm’s revenue for the quarter was down 22.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($1.02) earnings per share. As a group, equities research analysts predict that Scotts Miracle-Gro will post 2.62 EPS for the current fiscal year.

Insider Activity

In other Scotts Miracle-Gro news, SVP Julie Demuesy sold 2,109 shares of Scotts Miracle-Gro stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $56.72, for a total transaction of $119,622.48. Following the completion of the sale, the senior vice president now directly owns 17,245 shares in the company, valued at $978,136.40. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Scotts Miracle-Gro news, Director Hagedorn Partnership, L.P. sold 46,525 shares of Scotts Miracle-Gro stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $61.23, for a total transaction of $2,848,725.75. Following the completion of the sale, the director now directly owns 13,923,770 shares in the company, valued at $852,552,437.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Julie Demuesy sold 2,109 shares of Scotts Miracle-Gro stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $56.72, for a total transaction of $119,622.48. Following the sale, the senior vice president now owns 17,245 shares of the company’s stock, valued at $978,136.40. The disclosure for this sale can be found here. 26.46% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in SMG. JPMorgan Chase & Co. raised its stake in shares of Scotts Miracle-Gro by 1.2% during the first quarter. JPMorgan Chase & Co. now owns 98,971 shares of the basic materials company’s stock worth $12,170,000 after acquiring an additional 1,158 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Scotts Miracle-Gro by 16.4% during the first quarter. American Century Companies Inc. now owns 4,319 shares of the basic materials company’s stock worth $531,000 after acquiring an additional 609 shares in the last quarter. Cetera Advisor Networks LLC increased its stake in shares of Scotts Miracle-Gro by 33.2% in the first quarter. Cetera Advisor Networks LLC now owns 3,397 shares of the basic materials company’s stock worth $418,000 after buying an additional 846 shares during the period. Citigroup Inc. increased its stake in shares of Scotts Miracle-Gro by 27.8% in the first quarter. Citigroup Inc. now owns 6,684 shares of the basic materials company’s stock worth $822,000 after buying an additional 1,452 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its stake in shares of Scotts Miracle-Gro by 4,946.9% in the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 2,473 shares of the basic materials company’s stock worth $304,000 after buying an additional 2,424 shares during the period. 70.10% of the stock is owned by hedge funds and other institutional investors.

About Scotts Miracle-Gro

(Get Free Report)

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.

Read More

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

Receive News & Ratings for Scotts Miracle-Gro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scotts Miracle-Gro and related companies with MarketBeat.com's FREE daily email newsletter.