Scotts Miracle-Gro (NYSE:SMG) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a report issued on Friday, ValuEngine reports.

Other equities analysts also recently issued reports about the stock. SunTrust Banks boosted their price target on shares of Scotts Miracle-Gro to $120.00 and gave the stock a “positive” rating in a report on Thursday, August 1st. Zacks Investment Research downgraded shares of Scotts Miracle-Gro from a “buy” rating to a “hold” rating and set a $117.00 price target on the stock. in a report on Tuesday, October 1st. Finally, Bank of America raised shares of Scotts Miracle-Gro from a “neutral” rating to a “buy” rating and set a $108.00 price target on the stock in a report on Friday, October 25th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Scotts Miracle-Gro presently has an average rating of “Hold” and a consensus target price of $98.42.

Shares of NYSE:SMG traded up $2.68 during midday trading on Friday, reaching $104.64. The company had a trading volume of 340,460 shares, compared to its average volume of 482,188. The company’s 50 day moving average price is $100.98 and its 200 day moving average price is $99.25. The company has a current ratio of 1.45, a quick ratio of 0.90 and a debt-to-equity ratio of 1.94. The stock has a market cap of $5.40 billion, a P/E ratio of 23.41, a P/E/G ratio of 1.70 and a beta of 0.79. Scotts Miracle-Gro has a 52-week low of $57.96 and a 52-week high of $114.63.

Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings results on Wednesday, November 6th. The basic materials company reported ($0.91) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.87) by ($0.04). The company had revenue of $497.70 million during the quarter, compared to analysts’ expectations of $451.49 million. Scotts Miracle-Gro had a return on equity of 51.15% and a net margin of 12.02%. Scotts Miracle-Gro’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same period last year, the firm posted ($0.75) earnings per share. Research analysts forecast that Scotts Miracle-Gro will post 5.08 EPS for the current fiscal year.

In other Scotts Miracle-Gro news, Director Nancy G. Mistretta sold 2,500 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $107.98, for a total transaction of $269,950.00. Following the sale, the director now directly owns 18,454 shares of the company’s stock, valued at $1,992,662.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Thomas N. Kelly, Jr. sold 6,167 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $111.91, for a total transaction of $690,148.97. Following the sale, the director now directly owns 18,811 shares in the company, valued at $2,105,139.01. The disclosure for this sale can be found here. 30.37% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Scotts Miracle-Gro by 3.2% during the second quarter. Vanguard Group Inc. now owns 3,943,112 shares of the basic materials company’s stock valued at $388,396,000 after purchasing an additional 121,764 shares during the last quarter. BlackRock Inc. lifted its holdings in shares of Scotts Miracle-Gro by 1.4% in the second quarter. BlackRock Inc. now owns 3,715,918 shares of the basic materials company’s stock worth $366,019,000 after buying an additional 51,091 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC lifted its holdings in shares of Scotts Miracle-Gro by 2.6% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 2,618,470 shares of the basic materials company’s stock worth $257,920,000 after buying an additional 65,413 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Scotts Miracle-Gro by 1.5% in the second quarter. Bank of New York Mellon Corp now owns 705,605 shares of the basic materials company’s stock worth $69,502,000 after buying an additional 10,549 shares in the last quarter. Finally, Macquarie Group Ltd. lifted its holdings in shares of Scotts Miracle-Gro by 1.8% in the second quarter. Macquarie Group Ltd. now owns 508,160 shares of the basic materials company’s stock worth $50,054,000 after buying an additional 8,778 shares in the last quarter. 66.52% of the stock is currently owned by institutional investors and hedge funds.

About Scotts Miracle-Gro

The Scotts Miracle-Gro Company manufactures, markets, and sells consumer lawn and garden products in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It offers lawn care products, such as 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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