Equities Analysts Issue Forecasts for SMG FY2025 Earnings

The Scotts Miracle-Gro Company (NYSE:SMG) – Research analysts at William Blair raised their FY2025 EPS estimates for shares of Scotts Miracle-Gro in a research report issued on Wednesday, November 6th. William Blair analyst J. Andersen now expects that the basic materials company will post earnings per share of $3.30 for the year, up from their prior forecast of $3.25. The consensus estimate for Scotts Miracle-Gro’s current full-year earnings is $3.57 per share. William Blair also issued estimates for Scotts Miracle-Gro’s FY2026 earnings at $3.75 EPS.

A number of other brokerages also recently commented on SMG. Stifel Nicolaus raised their price objective on shares of Scotts Miracle-Gro from $75.00 to $81.00 and gave the company a “hold” rating in a research report on Monday, November 4th. UBS Group reduced their price target on Scotts Miracle-Gro from $90.00 to $77.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Truist Financial decreased their price target on Scotts Miracle-Gro from $90.00 to $70.00 and set a “hold” rating on the stock in a research note on Friday, November 8th. JPMorgan Chase & Co. cut their price objective on Scotts Miracle-Gro from $85.00 to $80.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Finally, Wells Fargo & Company decreased their target price on shares of Scotts Miracle-Gro from $95.00 to $85.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Scotts Miracle-Gro has an average rating of “Hold” and a consensus price target of $78.60.

Scotts Miracle-Gro Stock Down 1.1 %

Shares of NYSE:SMG opened at $73.58 on Monday. Scotts Miracle-Gro has a fifty-two week low of $48.84 and a fifty-two week high of $93.90. The firm’s 50-day simple moving average is $81.00 and its 200-day simple moving average is $72.57. The company has a market cap of $4.18 billion, a price-to-earnings ratio of -106.64 and a beta of 1.76.

Scotts Miracle-Gro Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be given a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.59%. The ex-dividend date of this dividend is Friday, November 22nd. Scotts Miracle-Gro’s dividend payout ratio is currently -382.61%.

Insider Transactions at Scotts Miracle-Gro

In other Scotts Miracle-Gro news, major shareholder Hagedorn Partnership, L.P. sold 85,130 shares of Scotts Miracle-Gro stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $70.93, for a total transaction of $6,038,270.90. Following the completion of the transaction, the insider now owns 13,608,238 shares in the company, valued at approximately $965,232,321.34. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other Scotts Miracle-Gro news, COO Nathan Eric Baxter sold 2,988 shares of the stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $70.93, for a total transaction of $211,938.84. Following the sale, the chief operating officer now owns 37,920 shares in the company, valued at approximately $2,689,665.60. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Hagedorn Partnership, L.P. sold 85,130 shares of the business’s stock in a transaction on Wednesday, August 21st. The stock was sold at an average price of $70.93, for a total value of $6,038,270.90. Following the completion of the transaction, the insider now directly owns 13,608,238 shares of the company’s stock, valued at approximately $965,232,321.34. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 26.46% of the company’s stock.

Institutional Trading of Scotts Miracle-Gro

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Global X Japan Co. Ltd. acquired a new stake in shares of Scotts Miracle-Gro during the 3rd quarter worth about $26,000. Farther Finance Advisors LLC raised its holdings in Scotts Miracle-Gro by 427.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 332 shares of the basic materials company’s stock valued at $29,000 after acquiring an additional 269 shares during the last quarter. Blue Trust Inc. lifted its stake in shares of Scotts Miracle-Gro by 83.6% during the 3rd quarter. Blue Trust Inc. now owns 369 shares of the basic materials company’s stock worth $32,000 after purchasing an additional 168 shares during the period. Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Scotts Miracle-Gro during the second quarter worth $25,000. Finally, Versant Capital Management Inc grew its position in shares of Scotts Miracle-Gro by 80.1% in the second quarter. Versant Capital Management Inc now owns 389 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 173 shares during the period. Hedge funds and other institutional investors own 74.07% of the company’s stock.

About Scotts Miracle-Gro

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.