Shares of Scotts Miracle-Gro Company (The) (NYSE:SMG) have been given an average recommendation of “Hold” by the six research firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $101.33.

Several research analysts have recently weighed in on SMG shares. J P Morgan Chase & Co downgraded Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and set a $99.00 price target for the company. in a research note on Wednesday, November 8th. KeyCorp reiterated a “hold” rating on shares of Scotts Miracle-Gro in a research note on Monday, October 16th. SunTrust Banks reiterated a “hold” rating and set a $95.00 price target on shares of Scotts Miracle-Gro in a research note on Friday, November 10th. Bank of America increased their price target on Scotts Miracle-Gro from $107.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, November 8th. Finally, Zacks Investment Research downgraded Scotts Miracle-Gro from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th.

Scotts Miracle-Gro (NYSE:SMG) traded up $0.07 during mid-day trading on Friday, hitting $101.48. The stock had a trading volume of 443,400 shares, compared to its average volume of 420,927. The company has a debt-to-equity ratio of 1.90, a current ratio of 1.62 and a quick ratio of 0.87. The company has a market cap of $5,777.17, a P/E ratio of 23.97, a price-to-earnings-growth ratio of 2.38 and a beta of 0.36. Scotts Miracle-Gro has a 12 month low of $81.48 and a 12 month high of $102.50.

Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings results on Tuesday, November 7th. The basic materials company reported ($0.26) earnings per share for the quarter, topping the consensus estimate of ($0.30) by $0.04. The company had revenue of $376.70 million during the quarter, compared to the consensus estimate of $368.50 million. Scotts Miracle-Gro had a return on equity of 37.81% and a net margin of 7.51%. The firm’s quarterly revenue was up 8.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.30) EPS. analysts predict that Scotts Miracle-Gro will post 4.3 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Friday, November 24th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Wednesday, November 22nd. This represents a $2.12 annualized dividend and a yield of 2.09%. Scotts Miracle-Gro’s dividend payout ratio is currently 58.89%.

In other Scotts Miracle-Gro news, CFO Thomas Randal Coleman sold 1,226 shares of the firm’s stock in a transaction dated Thursday, October 5th. The stock was sold at an average price of $99.67, for a total value of $122,195.42. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Ivan C. Smith sold 6,587 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $97.74, for a total value of $643,813.38. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,813 shares of company stock valued at $1,266,559. 28.16% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of SMG. Almanack Investment Partners LLC. bought a new position in Scotts Miracle-Gro in the 2nd quarter worth about $132,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in shares of Scotts Miracle-Gro by 7.5% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,664 shares of the basic materials company’s stock valued at $149,000 after acquiring an additional 116 shares during the last quarter. First Allied Advisory Services Inc. bought a new stake in shares of Scotts Miracle-Gro during the 3rd quarter valued at about $226,000. Private Advisor Group LLC boosted its position in shares of Scotts Miracle-Gro by 9.0% during the 2nd quarter. Private Advisor Group LLC now owns 2,620 shares of the basic materials company’s stock valued at $239,000 after acquiring an additional 216 shares during the last quarter. Finally, Cetera Investment Advisers bought a new stake in shares of Scotts Miracle-Gro during the 2nd quarter valued at about $247,000. Institutional investors and hedge funds own 69.11% of the company’s stock.

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Scotts Miracle-Gro Company Profile

The Scotts Miracle-Gro Company (Scotts Miracle-Gro) is a manufacturer and marketer of branded consumer lawn and garden products. The Company’s segments include Global Consumer. In North America, its brands include Scotts and Turf Builder lawn and grass seed products; Miracle-Gro, Nature’s Care, Scotts, LiquaFeed and Osmocote gardening and landscape products; and Ortho, Roundup, Home Defense and Tomcat branded insect control, weed control and rodent control products.

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