Wells Fargo & Company Raises Scotts Miracle-Gro (NYSE:SMG) Price Target to $70.00

Scotts Miracle-Gro (NYSE:SMG) had its price target hoisted by investment analysts at Wells Fargo & Company from $67.00 to $70.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 9.24% from the company’s previous close.

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

Scotts Miracle-Gro Trading Up 2.0%

Shares of NYSE:SMG traded up $1.28 on Thursday, reaching $64.08. The company had a trading volume of 102,327 shares, compared to its average volume of 814,764. The firm has a market capitalization of $3.72 billion, a PE ratio of 26.62 and a beta of 1.95. Scotts Miracle-Gro has a 52-week low of $45.61 and a 52-week high of $72.23. The firm’s 50 day simple moving average is $58.64 and its 200-day simple moving average is $59.38.

Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings results on Wednesday, January 28th. The basic materials company reported ($0.77) earnings per share for the quarter, topping the consensus estimate of ($1.04) by $0.27. The business had revenue of $354.40 million during the quarter, compared to the consensus estimate of $353.25 million. Scotts Miracle-Gro had a negative return on equity of 67.74% and a net margin of 4.26%.The company’s quarterly revenue was down 3.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.89) earnings per share. Scotts Miracle-Gro has set its FY 2026 guidance at 4.150-4.35 EPS. As a group, equities research analysts predict that Scotts Miracle-Gro will post 3.42 earnings per share for the current year.

Hedge Funds Weigh In On Scotts Miracle-Gro

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Campbell & CO Investment Adviser LLC acquired a new stake in shares of Scotts Miracle-Gro in the 3rd quarter valued at approximately $1,425,000. Thrivent Financial for Lutherans raised its position in Scotts Miracle-Gro by 215.2% in the second quarter. Thrivent Financial for Lutherans now owns 31,853 shares of the basic materials company’s stock worth $2,101,000 after acquiring an additional 21,747 shares in the last quarter. Brandes Investment Partners LP lifted its holdings in Scotts Miracle-Gro by 333.3% in the second quarter. Brandes Investment Partners LP now owns 603,941 shares of the basic materials company’s stock valued at $39,836,000 after acquiring 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 2nd quarter. AGF Management Ltd. now owns 50,600 shares of the basic materials company’s stock worth $3,338,000 after purchasing an additional 5,649 shares in the last quarter. Finally, Corient Private Wealth LLC grew its stake in shares of Scotts Miracle-Gro by 315.9% during the 2nd quarter. Corient Private Wealth LLC now owns 92,168 shares of the basic materials company’s stock worth $6,079,000 after purchasing an additional 70,008 shares during the period. Institutional investors and hedge funds 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.