Key Points
- Director Hagedorn Partnership sold 50,000 shares on Feb. 12 at an average price of $66.40 for about $3.32 million, trimming its stake by 0.38% to 13,167,641 shares — the transaction was disclosed in an SEC filing.
- Scotts reported quarterly EPS of -$0.77 (beating estimates) with revenue of $354.4M (down 3.3% YoY) and announced a quarterly dividend of $0.66 ($2.64 annual, ~3.9% yield) despite a high payout ratio of ~179.6%.
- Wall Street sentiment is mixed-to-positive: five analysts rate the stock Buy and three Hold, with an average price target of $71 (rated a "Moderate Buy").
The Scotts Miracle-Gro Company (NYSE:SMG - Get Free Report) Director Hagedorn Partnership, L.P. sold 50,000 shares of the stock in a transaction that occurred on Thursday, February 12th. The shares were sold at an average price of $66.40, for a total value of $3,320,000.00. Following the transaction, the director directly owned 13,167,641 shares of the company's stock, valued at approximately $874,331,362.40. The trade was a 0.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
Scotts Miracle-Gro Price Performance
NYSE:SMG opened at $68.36 on Friday. The company has a market cap of $3.97 billion, a price-to-earnings ratio of 46.50 and a beta of 1.98. The Scotts Miracle-Gro Company has a 1 year low of $45.61 and a 1 year high of $70.67. The stock's 50 day simple moving average is $61.16 and its two-hundred day simple moving average is $59.22.
Scotts Miracle-Gro (NYSE:SMG - Get Free Report) last released its quarterly earnings results on Wednesday, January 28th. The basic materials company reported ($0.77) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($1.04) by $0.27. Scotts Miracle-Gro had a net margin of 2.68% and a negative return on equity of 68.59%. The company had revenue of $354.40 million for the quarter, compared to the consensus estimate of $353.25 million. During the same quarter in the prior year, the firm earned ($0.89) earnings per share. Scotts Miracle-Gro's revenue was down 3.3% on a year-over-year basis. Scotts Miracle-Gro has set its FY 2026 guidance at 4.150-4.35 EPS. As a group, analysts anticipate that The Scotts Miracle-Gro Company will post 3.42 EPS for the current year.
Scotts Miracle-Gro Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 20th will be paid a dividend of $0.66 per share. This represents a $2.64 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Friday, February 20th. Scotts Miracle-Gro's payout ratio is presently 179.59%.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on the company. Weiss Ratings reiterated a "hold (c-)" rating on shares of Scotts Miracle-Gro in a report on Wednesday, January 21st. Wall Street Zen lowered Scotts Miracle-Gro from a "buy" rating to a "hold" rating in a report on Saturday, October 25th. Wells Fargo & Company raised their price target on Scotts Miracle-Gro from $67.00 to $70.00 and gave the stock an "overweight" rating in a research report on Thursday, January 29th. Jefferies Financial Group boosted their price objective on shares of Scotts Miracle-Gro from $71.00 to $74.00 and gave the company a "buy" rating in a research report on Wednesday, November 5th. Finally, UBS Group set a $67.00 target price on shares of Scotts Miracle-Gro in a research note on Thursday, January 29th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Scotts Miracle-Gro currently has an average rating of "Moderate Buy" and an average price target of $71.00.
Read Our Latest Analysis on SMG
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the stock. Key Capital Management INC bought a new stake in Scotts Miracle-Gro during the 4th quarter valued at about $29,000. Covestor Ltd boosted its holdings in shares of Scotts Miracle-Gro by 201.1% in the third quarter. Covestor Ltd now owns 527 shares of the basic materials company's stock valued at $30,000 after purchasing an additional 352 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in Scotts Miracle-Gro in the third quarter worth approximately $32,000. Hantz Financial Services Inc. grew its stake in Scotts Miracle-Gro by 157.3% in the third quarter. Hantz Financial Services Inc. now owns 584 shares of the basic materials company's stock worth $33,000 after purchasing an additional 357 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its holdings in Scotts Miracle-Gro by 156.7% during the 3rd quarter. Smartleaf Asset Management LLC now owns 634 shares of the basic materials company's stock worth $35,000 after purchasing an additional 387 shares during the period. 74.07% of the stock is currently owned by institutional investors.
About Scotts Miracle-Gro
(
Get Free Report)
Scotts Miracle-Gro Company is a leading developer, manufacturer and distributor of consumer lawn and garden products. The firm serves both retail and professional customers through an array of branded offerings that include lawn fertilizers, grass seed, pest and disease control solutions, plant foods and specialty products for indoor and outdoor gardening. Its portfolio spans well-known names such as Scotts®, Miracle-Gro®, Ortho® and various hydroponic and specialty garden brands.
Headquartered in Marysville, Ohio, the company traces its roots to O.M.
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