Scotts Miracle-Gro (SMG) Upgraded to “Hold” at ValuEngine

Scotts Miracle-Gro (NYSE:SMG) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a report released on Wednesday.

Several other equities analysts have also issued reports on SMG. SunTrust Banks raised Scotts Miracle-Gro from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a report on Tuesday. They noted that the move was a valuation call. Zacks Investment Research lowered Scotts Miracle-Gro from a “buy” rating to a “sell” rating in a report on Tuesday, April 17th. Finally, Bank of America set a $120.00 price objective on Scotts Miracle-Gro and gave the stock a “buy” rating in a report on Tuesday, January 30th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $101.75.

Shares of Scotts Miracle-Gro opened at $85.84 on Wednesday, Marketbeat reports. The stock has a market cap of $4.67 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 2.01 and a beta of 0.27. Scotts Miracle-Gro has a 1 year low of $84.36 and a 1 year high of $85.42. The company has a debt-to-equity ratio of 3.91, a quick ratio of 1.15 and a current ratio of 1.81.

Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings data on Tuesday, May 1st. The basic materials company reported $2.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.31 by ($0.43). The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Scotts Miracle-Gro had a return on equity of 40.86% and a net margin of 9.15%. The business’s revenue for the quarter was down 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $2.78 EPS. analysts predict that Scotts Miracle-Gro will post 4.1 earnings per share for the current year.

In related news, insider Michael C. Lukemire sold 8,594 shares of the firm’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $81.64, for a total transaction of $701,614.16. Following the transaction, the insider now owns 35,638 shares of the company’s stock, valued at $2,909,486.32. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Chairman James Hagedorn sold 18,877 shares of the firm’s stock in a transaction dated Friday, May 11th. The stock was sold at an average price of $81.28, for a total value of $1,534,322.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 64,138 shares of company stock worth $5,196,797. Corporate insiders own 29.14% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Steward Partners Investment Advisory LLC grew its holdings in shares of Scotts Miracle-Gro by 2,291.7% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,148 shares of the basic materials company’s stock worth $122,000 after buying an additional 1,100 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new position in shares of Scotts Miracle-Gro during the fourth quarter worth about $172,000. Charter Trust Co. purchased a new position in shares of Scotts Miracle-Gro during the fourth quarter worth about $203,000. Carnick & Kubik Group LLC purchased a new position in shares of Scotts Miracle-Gro during the fourth quarter worth about $209,000. Finally, Narwhal Capital Management purchased a new position in shares of Scotts Miracle-Gro during the fourth quarter worth about $214,000. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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