ValuEngine upgraded shares of Scotts Miracle-Gro (NYSE:SMG) from a sell rating to a hold rating in a report published on Wednesday.

A number of other research firms also recently commented on SMG. Bank of America set a $74.00 price objective on Scotts Miracle-Gro and gave the stock a sell rating in a report on Monday, August 13th. Zacks Investment Research upgraded Scotts Miracle-Gro from a strong sell rating to a hold rating in a report on Tuesday, September 18th. Finally, JPMorgan Chase & Co. cut their price objective on Scotts Miracle-Gro from $85.00 to $70.00 and set an underweight rating on the stock in a report on Friday, August 24th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company currently has an average rating of Hold and a consensus price target of $85.00.

NYSE:SMG traded down $4.00 during mid-day trading on Wednesday, reaching $74.20. The company’s stock had a trading volume of 749,219 shares, compared to its average volume of 591,538. The company has a current ratio of 1.45, a quick ratio of 0.99 and a debt-to-equity ratio of 5.24. Scotts Miracle-Gro has a twelve month low of $65.20 and a twelve month high of $110.12. The firm has a market cap of $4.20 billion, a price-to-earnings ratio of 20.37, a PEG ratio of 4.10 and a beta of 0.42.

Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings results on Wednesday, November 7th. The basic materials company reported ($0.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.67) by ($0.08). Scotts Miracle-Gro had a return on equity of 44.65% and a net margin of 2.39%. The business had revenue of $434.00 million during the quarter, compared to analyst estimates of $441.10 million. During the same period in the previous year, the business posted ($0.26) earnings per share. The firm’s quarterly revenue was up 15.1% on a year-over-year basis. As a group, research analysts forecast that Scotts Miracle-Gro will post 4.3 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Monday, November 26th will be issued a $0.55 dividend. The ex-dividend date is Friday, November 23rd. This represents a $2.20 dividend on an annualized basis and a dividend yield of 2.96%. Scotts Miracle-Gro’s dividend payout ratio (DPR) is 59.30%.

In other news, Director Nancy G. Mistretta sold 6,300 shares of the firm’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $76.93, for a total value of $484,659.00. Following the transaction, the director now directly owns 20,824 shares in the company, valued at approximately $1,601,990.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 29.14% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in SMG. BlackRock Inc. raised its holdings in shares of Scotts Miracle-Gro by 1.8% during the 3rd quarter. BlackRock Inc. now owns 3,566,422 shares of the basic materials company’s stock valued at $280,783,000 after buying an additional 61,817 shares during the period. Northern Trust Corp raised its holdings in shares of Scotts Miracle-Gro by 9.7% during the 2nd quarter. Northern Trust Corp now owns 732,180 shares of the basic materials company’s stock valued at $60,888,000 after buying an additional 64,498 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Scotts Miracle-Gro by 25.3% during the 3rd quarter. Wells Fargo & Company MN now owns 663,861 shares of the basic materials company’s stock valued at $52,266,000 after buying an additional 133,968 shares during the period. Bank of America Corp DE raised its holdings in shares of Scotts Miracle-Gro by 3.2% during the 2nd quarter. Bank of America Corp DE now owns 509,604 shares of the basic materials company’s stock valued at $42,379,000 after buying an additional 16,022 shares during the period. Finally, Macquarie Group Ltd. raised its holdings in shares of Scotts Miracle-Gro by 0.3% during the 2nd quarter. Macquarie Group Ltd. now owns 433,279 shares of the basic materials company’s stock valued at $36,032,000 after buying an additional 1,150 shares during the period. Institutional investors own 65.21% of the company’s stock.

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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