SG Capital Management LLC Takes Position in The Scotts Miracle-Gro Company $SMG

SG Capital Management LLC acquired a new position in The Scotts Miracle-Gro Company (NYSE:SMG) during the third quarter, Holdings Channel reports. The institutional investor acquired 53,234 shares of the basic materials company’s stock, valued at approximately $3,032,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Covestor Ltd increased its stake in shares of Scotts Miracle-Gro by 201.1% during the 3rd quarter. Covestor Ltd now owns 527 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 352 shares during the last quarter. Hantz Financial Services Inc. boosted its holdings 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. Smartleaf Asset Management LLC boosted its holdings in Scotts Miracle-Gro by 156.7% in the third 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 in the last quarter. Spire Wealth Management increased its position in Scotts Miracle-Gro by 32.1% during the second quarter. Spire Wealth Management now owns 725 shares of the basic materials company’s stock worth $48,000 after buying an additional 176 shares during the last quarter. Finally, First Horizon Advisors Inc. raised its holdings in Scotts Miracle-Gro by 835.1% during the second quarter. First Horizon Advisors Inc. now owns 907 shares of the basic materials company’s stock valued at $60,000 after buying an additional 810 shares in the last quarter. 74.07% of the stock is currently owned by institutional investors and hedge funds.

Scotts Miracle-Gro Trading Up 0.1%

Shares of Scotts Miracle-Gro stock opened at $69.94 on Thursday. The Scotts Miracle-Gro Company has a 1 year low of $45.61 and a 1 year high of $70.75. The company’s fifty day simple moving average is $62.13 and its 200-day simple moving average is $59.31. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 47.58 and a beta of 1.98.

Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings results on Wednesday, January 28th. The basic materials company reported ($0.77) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.04) by $0.27. The firm had revenue of $354.40 million during the quarter, compared to the consensus estimate of $353.25 million. Scotts Miracle-Gro had a net margin of 2.68% and a negative return on equity of 68.59%. The business’s revenue was down 3.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.89) EPS. Scotts Miracle-Gro has set its FY 2026 guidance at 4.150-4.35 EPS. As a group, research analysts forecast that The Scotts Miracle-Gro Company will post 3.42 earnings per share for the current fiscal year.

Scotts Miracle-Gro Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 20th will be given a dividend of $0.66 per share. The ex-dividend date of this dividend is Friday, February 20th. This represents a $2.64 dividend on an annualized basis and a yield of 3.8%. Scotts Miracle-Gro’s dividend payout ratio (DPR) is 179.59%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on SMG. Wells Fargo & Company reiterated an “overweight” rating on shares of Scotts Miracle-Gro in a research note on Tuesday. UBS Group set a $67.00 target price on Scotts Miracle-Gro in a report on Thursday, January 29th. Wall Street Zen cut Scotts Miracle-Gro from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Jefferies Financial Group lifted their price target 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, Stifel Nicolaus set a $70.00 price objective on shares of Scotts Miracle-Gro and gave the stock a “buy” rating in a research note on Thursday, November 6th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Scotts Miracle-Gro has an average rating of “Moderate Buy” and a consensus price target of $71.00.

Insider Transactions at Scotts Miracle-Gro

In other Scotts Miracle-Gro news, Director Hagedorn Partnership, L.P. sold 50,000 shares of the company’s stock in a transaction that occurred on Thursday, February 12th. The stock was sold at an average price of $66.40, for a total value of $3,320,000.00. Following the completion of the transaction, the director owned 13,167,641 shares of the company’s stock, valued at $874,331,362.40. This represents a 0.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 24.40% of the stock is owned by corporate insiders.

Scotts Miracle-Gro Profile

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.