Shares of Scotts Miracle-Gro Co (NYSE:SMG) have been given an average rating of “Sell” by the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $79.67.

SMG has been the topic of several analyst reports. JPMorgan Chase & Co. lowered shares of Scotts Miracle-Gro from a “neutral” rating to an “underweight” rating and cut their price target for the stock from $95.00 to $85.00 in a report on Friday, June 1st. Raymond James lowered shares of Scotts Miracle-Gro from a “market perform” rating to an “underperform” rating in a report on Wednesday, June 20th. ValuEngine lowered shares of Scotts Miracle-Gro from a “hold” rating to a “sell” rating in a report on Tuesday, July 24th. Finally, Bank of America cut their price target on shares of Scotts Miracle-Gro from $80.00 to $77.00 and set a “sell” rating on the stock in a report on Tuesday, July 17th.

In other Scotts Miracle-Gro news, Director Katherine Littlefield Hagedorn sold 40,329 shares of Scotts Miracle-Gro stock in a transaction on Tuesday, August 7th. The shares were sold at an average price of $77.76, for a total value of $3,135,983.04. Following the transaction, the director now directly owns 6,511 shares of the company’s stock, valued at $506,295.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Hagedorn Partnership, L.P. sold 16,603 shares of Scotts Miracle-Gro stock in a transaction on Monday, June 18th. The stock was sold at an average price of $86.04, for a total transaction of $1,428,522.12. Following the completion of the transaction, the insider now directly owns 15,673,272 shares in the company, valued at $1,348,528,322.88. The disclosure for this sale can be found here. Insiders sold 203,358 shares of company stock worth $16,588,400 over the last ninety days. Corporate insiders own 29.14% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Advisors Asset Management Inc. lifted its stake in shares of Scotts Miracle-Gro by 15.6% during the second quarter. Advisors Asset Management Inc. now owns 34,718 shares of the basic materials company’s stock worth $2,887,000 after buying an additional 4,687 shares during the period. Public Employees Retirement System of Ohio lifted its stake in shares of Scotts Miracle-Gro by 106.4% during the second quarter. Public Employees Retirement System of Ohio now owns 37,141 shares of the basic materials company’s stock worth $3,089,000 after buying an additional 19,149 shares during the period. Global X Management Co LLC lifted its stake in shares of Scotts Miracle-Gro by 15.5% during the second quarter. Global X Management Co LLC now owns 8,288 shares of the basic materials company’s stock worth $689,000 after buying an additional 1,113 shares during the period. Nelson Van Denburg & Campbell Wealth Management Group LLC lifted its stake in shares of Scotts Miracle-Gro by 20.6% during the second quarter. Nelson Van Denburg & Campbell Wealth Management Group LLC now owns 7,076 shares of the basic materials company’s stock worth $588,000 after buying an additional 1,207 shares during the period. Finally, California Public Employees Retirement System lifted its stake in shares of Scotts Miracle-Gro by 17.4% during the second quarter. California Public Employees Retirement System now owns 138,108 shares of the basic materials company’s stock worth $11,485,000 after buying an additional 20,465 shares during the period. Institutional investors and hedge funds own 65.43% of the company’s stock.

SMG stock traded down $0.50 during trading on Friday, hitting $77.08. 9,121 shares of the company’s stock traded hands, compared to its average volume of 507,078. The firm has a market cap of $4.32 billion, a price-to-earnings ratio of 19.76, a PEG ratio of 5.51 and a beta of 0.24. The company has a quick ratio of 0.99, a current ratio of 1.60 and a debt-to-equity ratio of 3.72. Scotts Miracle-Gro has a 1 year low of $72.67 and a 1 year high of $110.12.

Scotts Miracle-Gro (NYSE:SMG) last released its quarterly earnings results on Tuesday, July 31st. The basic materials company reported $2.67 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.55 by $0.12. Scotts Miracle-Gro had a net margin of 6.80% and a return on equity of 43.37%. The business had revenue of $994.60 million for the quarter, compared to analyst estimates of $996.40 million. During the same period in the previous year, the company earned $2.57 earnings per share. analysts anticipate that Scotts Miracle-Gro will post 3.77 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Monday, September 10th. Shareholders of record on Monday, August 27th were issued a $0.55 dividend. This is a positive change from Scotts Miracle-Gro’s previous quarterly dividend of $0.53. This represents a $2.20 annualized dividend and a yield of 2.85%. The ex-dividend date was Friday, August 24th. Scotts Miracle-Gro’s payout ratio is currently 55.84%.

About Scotts Miracle-Gro

The Scotts Miracle-Gro Company manufactures, markets, and sells consumer lawn and garden products. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It offers lawn care products, including lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products.

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Analyst Recommendations for Scotts Miracle-Gro (NYSE:SMG)

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