Scotts Miracle-Gro (NYSE:SMG) Shares Down 6.1% – Here’s Why

The Scotts Miracle-Gro Company (NYSE:SMG) shares traded down 6.1% during mid-day trading on Wednesday . The stock traded as low as $59.18 and last traded at $59.3850. 893,893 shares traded hands during trading, an increase of 18% from the average session volume of 760,282 shares. The stock had previously closed at $63.23.

Trending Headlines about Scotts Miracle-Gro

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

• Positive Sentiment: Company announced a $500M share repurchase program, set targets to grow sales and EBITDA by $1B each through 2030 and will divest Hawthorne as it exits cannabis — a clearer strategic pivot and capital-return plan that supports long-term cash returns and margin improvement. Scotts Miracle-Gro outlines $1B targets & $500M buyback
• Positive Sentiment: Q1 results beat adjusted EPS and revenue estimates (adjusted loss narrower than expected; sales modestly above forecasts), and management reaffirmed fiscal 2026 outlook — supports near-term operational stability. Q1 beat and outlook reaffirmed
• Positive Sentiment: Wells Fargo raised its price target to $70 and moved to an Overweight rating — a bullish analyst signal that implies upside to consensus. Wells Fargo raises PT to $70
• Neutral Sentiment: UBS nudged its target to $66 but kept a Neutral rating, highlighting continued pressure in consumer staples — suggests cautious tone despite modest valuation support. UBS revises outlook, keeps Neutral
• Neutral Sentiment: Company expanded equity incentive plans after shareholder approval — helps retain management/employee alignment but dilutive potential should be monitored. Equity incentive expansion
• Negative Sentiment: Q1 showed a wider GAAP loss (cannabis-related exit charges) and revenue was down year?over?year ~3.3% — near-term profitability and headline EPS volatility remain risks as the company completes the Hawthorne divestiture. Wider Q1 loss amid cannabis exit
• Negative Sentiment: FY?2026 EPS guidance was reiterated at $4.15–$4.35, slightly below consensus (~$4.28) — this modest shortfall tempers upside despite buybacks and long-term targets. Guidance and earnings call highlights

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Jefferies Financial Group boosted their price objective on Scotts Miracle-Gro from $71.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Wall Street Zen lowered shares of Scotts Miracle-Gro from a “buy” rating to a “hold” rating in a research report on Saturday, October 25th. Stifel Nicolaus set a $70.00 target price on shares of Scotts Miracle-Gro and gave the company a “buy” rating in a research note on Thursday, November 6th. Wells Fargo & Company raised their price target on shares of Scotts Miracle-Gro from $67.00 to $70.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Scotts Miracle-Gro in a research note on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $71.00.

Scotts Miracle-Gro Stock Down 2.0%

The company has a market cap of $3.72 billion, a P/E ratio of 43.60 and a beta of 1.95. The firm has a fifty day moving average price of $59.11 and a 200 day moving average price of $59.39.

Scotts Miracle-Gro (NYSE:SMG) last announced its quarterly earnings data on Wednesday, January 28th. The basic materials company reported ($0.77) EPS for the quarter, topping analysts’ consensus estimates of ($1.04) by $0.27. The firm had revenue of $354.40 million during the quarter, compared to analyst estimates of $353.25 million. Scotts Miracle-Gro had a negative return on equity of 68.59% and a net margin of 2.68%.The company’s revenue was down 3.3% on a year-over-year basis. During the same period 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. On average, sell-side analysts anticipate that The Scotts Miracle-Gro Company will post 3.42 earnings per share for the current year.

Scotts Miracle-Gro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Investors of record on Friday, February 20th will be paid a dividend of $0.66 per share. This represents a $2.64 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Friday, February 20th. Scotts Miracle-Gro’s dividend payout ratio is presently 109.09%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Key Capital Management INC acquired a new position in Scotts Miracle-Gro during the fourth quarter valued at approximately $29,000. Covestor Ltd raised its stake in Scotts Miracle-Gro by 201.1% in the 3rd quarter. Covestor Ltd now owns 527 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 352 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in Scotts Miracle-Gro during the third quarter worth approximately $32,000. Hantz Financial Services Inc. raised its holdings in Scotts Miracle-Gro by 157.3% in the 3rd quarter. Hantz Financial Services Inc. now owns 584 shares of the basic materials company’s stock valued at $33,000 after acquiring an additional 357 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in Scotts Miracle-Gro by 156.7% during the third quarter. Smartleaf Asset Management LLC now owns 634 shares of the basic materials company’s stock worth $35,000 after buying an additional 387 shares in the last quarter. Institutional investors and hedge funds own 74.07% of the company’s stock.

Scotts Miracle-Gro Company Profile

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.