Scotts Miracle-Gro (NYSE:SMG) Given New $67.00 Price Target at JPMorgan Chase & Co.

Scotts Miracle-Gro (NYSE:SMG) had its price objective reduced by JPMorgan Chase & Co. from $70.00 to $67.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

Other research analysts have also recently issued reports about the stock. Citigroup reiterated an “overweight” rating on shares of Scotts Miracle-Gro in a report on Monday. Weiss Ratings lowered shares of Scotts Miracle-Gro from a “hold (c)” rating to a “hold (c-)” rating in a report on Tuesday, October 6th. Wells Fargo & Company boosted their price target on shares of Scotts Miracle-Gro from $71.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday. UBS Group raised shares of Scotts Miracle-Gro from a “neutral” rating to a “buy” rating and lowered their price target for the stock from $78.00 to $70.00 in a research report on Thursday, October 15th. Finally, Stifel Nicolaus dropped their price objective on shares of Scotts Miracle-Gro from $76.00 to $75.00 and set a “buy” rating on the stock in a research note on Tuesday, September 29th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $74.80.

Scotts Miracle-Gro Trading Down 1.3%

SMG opened at $66.33 on Thursday. Scotts Miracle-Gro has a 12-month low of $47.90 and a 12-month high of $75.34. The business’s fifty day simple moving average is $55.60 and its 200-day simple moving average is $61.94. The company has a market capitalization of $3.86 billion, a price-to-earnings ratio of 39.48 and a beta of 1.87.

Scotts Miracle-Gro (NYSE:SMG) last announced its quarterly earnings results on Wednesday, November 4th. The basic materials company reported ($2.16) EPS for the quarter, beating the consensus estimate of ($2.21) by $0.05. The firm had revenue of $302.90 million for the quarter, compared to analyst estimates of $306.11 million. Scotts Miracle-Gro had a negative return on equity of 77.42% and a net margin of 3.16%. The business’s revenue for the quarter was down 10.9% on a year-over-year basis. During the same quarter last year, the firm posted ($2.63) earnings per share. On average, equities research analysts predict that Scotts Miracle-Gro will post 4.67 EPS for the current year.

Scotts Miracle-Gro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 4th. Stockholders of record on Friday, November 20th will be given a $0.66 dividend. This represents a $2.64 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, November 20th. Scotts Miracle-Gro’s payout ratio is presently 157.14%.

Insider Buying and Selling at Scotts Miracle-Gro

In related news, Director Mark D. Kingdon sold 831 shares of the company’s stock in a transaction on Monday, August 10th. The stock was sold at an average price of $61.65, for a total transaction of $51,231.15. Following the completion of the sale, the director directly owned 10,827 shares in the company, valued at $667,484.55. This represents a 7.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 24.40% of the stock is owned by company insiders.

Institutional Investors Weigh In On Scotts Miracle-Gro

Several institutional investors have recently bought and sold shares of SMG. Arrowstreet Capital Limited Partnership grew its stake in shares of Scotts Miracle-Gro by 161.1% during the first quarter. Arrowstreet Capital Limited Partnership now owns 1,289,974 shares of the basic materials company’s stock worth $78,443,000 after acquiring an additional 795,970 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Scotts Miracle-Gro by 8.8% during the first quarter. Dimensional Fund Advisors LP now owns 895,841 shares of the basic materials company’s stock worth $54,475,000 after purchasing an additional 72,179 shares during the last quarter. Epoch Investment Partners Inc. purchased a new position in shares of Scotts Miracle-Gro during the 1st quarter valued at about $50,058,000. Bank of America Corp DE raised its position in Scotts Miracle-Gro by 16.4% during the first quarter. Bank of America Corp DE now owns 658,602 shares of the basic materials company’s stock valued at $40,050,000 after acquiring an additional 92,614 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in shares of Scotts Miracle-Gro by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 544,253 shares of the basic materials company’s stock valued at $33,096,000 after purchasing an additional 1,486 shares during the period. 74.07% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting Scotts Miracle-Gro

Here are the key news stories impacting Scotts Miracle-Gro this week:

• Positive Sentiment: Management forecast fiscal 2027 adjusted EPS of $4.70–$4.90 and sales growth of 2%–4%, citing contributions from Black Kow and targeted pricing. The company also said fiscal 2026 adjusted EPS exceeded guidance and gross margins expanded. Fiscal 2027 guidance
• Positive Sentiment: Fourth-quarter loss of $2.16 per share was narrower than analysts expected, and management said it strengthened the balance sheet during fiscal 2026. Fiscal 2026 results
• Neutral Sentiment: Scotts declared a quarterly dividend of $0.66 per share, payable December 4 to shareholders of record November 20.
• Negative Sentiment: JPMorgan cut its price target to $67 from $70 and maintained a neutral rating, implying limited upside from the cited share price. JPMorgan ratings
• Negative Sentiment: Quarterly revenue was $302.9 million, below expectations and down 10.9% year over year. The earnings beat was modest and the company still reported a quarterly loss. Fiscal Q4 results

Scotts Miracle-Gro Company Profile

Scotts Miracle-Gro Company is a provider of consumer lawn and garden products headquartered in Marysville, Ohio. The company develops and markets products designed to help consumers grow and maintain lawns, gardens, landscapes and indoor plants.

Its portfolio includes lawn fertilizers, grass seed, plant food, gardening products, pest-control solutions, soils and related growing supplies. Key consumer brands include Scotts, Miracle-Gro, Ortho and Tomcat. The company also has a history of serving the controlled-environment agriculture and hydroponics markets through specialized growing products and supplies.

Scotts Miracle-Gro was founded in 1868 and has built a broad distribution network serving retail customers, garden centers and other outlets.