Wells Fargo & Company Issues Positive Forecast for Scotts Miracle-Gro (NYSE:SMG) Stock Price

Scotts Miracle-Gro (NYSE:SMG) had its price objective lifted by equities research analysts at Wells Fargo & Company from $67.00 to $70.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 9.24% from the company’s current price.

Several other analysts have also commented on SMG. Jefferies Financial Group lifted their price objective on shares of Scotts Miracle-Gro from $71.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. Wall Street Zen cut Scotts Miracle-Gro from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Stifel Nicolaus set a $70.00 price target on shares of Scotts Miracle-Gro and gave the company a “buy” rating in a report on Thursday, November 6th. UBS Group boosted their price objective on Scotts Miracle-Gro from $61.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Scotts Miracle-Gro in a research report on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $70.83.

Scotts Miracle-Gro Stock Performance

SMG traded up $1.28 during mid-day trading on Thursday, reaching $64.08. 102,327 shares of the stock were exchanged, compared to its average volume of 814,764. Scotts Miracle-Gro has a 1 year low of $45.61 and a 1 year high of $72.23. The stock has a market capitalization of $3.72 billion, a PE ratio of 26.62 and a beta of 1.95. The company has a 50 day moving average price of $58.64 and a two-hundred day moving average price of $59.38.

Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings data on Wednesday, January 28th. The basic materials company reported ($0.77) EPS for the quarter, beating the consensus estimate of ($1.04) by $0.27. Scotts Miracle-Gro had a net margin of 4.26% and a negative return on equity of 67.74%. The firm had revenue of $354.40 million during the quarter, compared to analyst estimates of $353.25 million. During the same quarter last year, the business posted ($0.89) EPS. The company’s revenue for the quarter was down 3.3% on a year-over-year basis. Scotts Miracle-Gro has set its FY 2026 guidance at 4.150-4.35 EPS. Sell-side analysts expect that Scotts Miracle-Gro will post 3.42 EPS for the current fiscal year.

Institutional Trading of Scotts Miracle-Gro

A number of institutional investors and hedge funds have recently modified their holdings of SMG. Campbell & CO Investment Adviser LLC bought a new stake in Scotts Miracle-Gro in the third quarter worth $1,425,000. Thrivent Financial for Lutherans boosted its stake in shares of Scotts Miracle-Gro by 215.2% during the 2nd quarter. Thrivent Financial for Lutherans now owns 31,853 shares of the basic materials company’s stock worth $2,101,000 after purchasing an additional 21,747 shares during the period. Brandes Investment Partners LP raised its position in Scotts Miracle-Gro by 333.3% in the 2nd quarter. Brandes Investment Partners LP now owns 603,941 shares of the basic materials company’s stock worth $39,836,000 after purchasing an additional 464,570 shares during the period. AGF Management Ltd. boosted its position in shares of Scotts Miracle-Gro by 12.6% during the second quarter. AGF Management Ltd. now owns 50,600 shares of the basic materials company’s stock valued at $3,338,000 after buying an additional 5,649 shares during the period. Finally, Corient Private Wealth LLC grew its stake in shares of Scotts Miracle-Gro by 315.9% during the second quarter. Corient Private Wealth LLC now owns 92,168 shares of the basic materials company’s stock valued at $6,079,000 after buying an additional 70,008 shares during the last quarter. Institutional investors own 74.07% of the company’s stock.

Key Headlines Impacting Scotts Miracle-Gro

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

• Positive Sentiment: Q1 results topped expectations: EPS loss narrowed to ($0.77) vs. a consensus loss of ($1.04) and revenue slightly beat estimates, signaling margin improvement and better-than-feared execution. Press Release — Q1 Results
• Positive Sentiment: Management announced a divestiture of Hawthorne (cannabis-supply business) to reduce exposure to a volatile segment and sharpen focus on core consumer lawn & garden operations — a strategic simplification investors tend to reward. WSJ — Sale of Hawthorne
• Positive Sentiment: Company unveiled a new multi-year share repurchase program slated to begin in late 2026, signaling management confidence and a return of capital that typically supports share prices. TipRanks — Pivot and Buybacks
• Neutral Sentiment: FY 2026 EPS guidance set at $4.15–$4.35 — roughly in line with consensus but with a lower bound slightly below street expectations, leaving room for investor debate on the outlook. Press Release — FY2026 Guidance
• Negative Sentiment: Underlying fundamentals remain mixed: revenue fell ~3.3% year-over-year, the company reported a negative return on equity (–67.7%), and margins are thin — these metrics temper enthusiasm and leave valuation-sensitive investors cautious. Zacks — Key Metrics on Q1

About Scotts Miracle-Gro

Scotts Miracle-Gro Company is a leading developer, manufacturer and distributor of consumer lawn and garden products. The firm serves both retail and professional customers through an array of branded offerings that include lawn fertilizers, grass seed, pest and disease control solutions, plant foods and specialty products for indoor and outdoor gardening. Its portfolio spans well-known names such as Scotts®, Miracle-Gro®, Ortho® and various hydroponic and specialty garden brands.

Headquartered in Marysville, Ohio, the company traces its roots to O.M.