Scotts Miracle-Gro (NYSE:SMG) Shares Up 1.2%

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Scotts Miracle-Gro Co (NYSE:SMG) shot up 1.2% during trading on Friday . The stock traded as high as $96.11 and last traded at $96.03. 7,360 shares were traded during trading, a decline of 98% from the average session volume of 381,793 shares. The stock had previously closed at $94.86.

Several brokerages recently commented on SMG. ValuEngine upgraded shares of Scotts Miracle-Gro from a “hold” rating to a “buy” rating in a research note on Thursday, May 30th. TheStreet upgraded shares of Scotts Miracle-Gro from a “c” rating to a “b” rating in a research note on Wednesday, May 1st. Bank of America lowered shares of Scotts Miracle-Gro from a “neutral” rating to an “underperform” rating and lifted their price target for the stock from $81.00 to $83.00 in a research note on Thursday, May 2nd. Finally, Raymond James lowered shares of Scotts Miracle-Gro from an “outperform” rating to a “market perform” rating and set a $77.10 price target on the stock. in a research note on Wednesday, March 27th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $76.03.

The company has a current ratio of 1.59, a quick ratio of 1.00 and a debt-to-equity ratio of 3.28. The stock has a market capitalization of $5.26 billion, a PE ratio of 26.00, a price-to-earnings-growth ratio of 2.05 and a beta of 0.82.

Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings data on Wednesday, May 1st. The basic materials company reported $3.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.42 by $0.22. Scotts Miracle-Gro had a net margin of 8.67% and a return on equity of 53.15%. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.16 billion. During the same period last year, the firm posted $2.88 EPS. Scotts Miracle-Gro’s revenue for the quarter was up 17.4% on a year-over-year basis. On average, analysts anticipate that Scotts Miracle-Gro Co will post 4.33 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 10th. Shareholders of record on Tuesday, May 28th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a yield of 2.28%. The ex-dividend date was Friday, May 24th. Scotts Miracle-Gro’s payout ratio is currently 59.30%.

Several large investors have recently modified their holdings of SMG. Enlightenment Research LLC purchased a new stake in shares of Scotts Miracle-Gro in the fourth quarter valued at about $25,000. Front Row Advisors LLC purchased a new stake in shares of Scotts Miracle-Gro in the first quarter valued at about $25,000. Cresset Asset Management LLC purchased a new stake in shares of Scotts Miracle-Gro in the first quarter valued at about $25,000. Toronto Dominion Bank purchased a new stake in shares of Scotts Miracle-Gro in the fourth quarter valued at about $27,000. Finally, Rehmann Capital Advisory Group boosted its holdings in shares of Scotts Miracle-Gro by 35.8% in the fourth quarter. Rehmann Capital Advisory Group now owns 618 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 163 shares in the last quarter. 66.13% of the stock is currently owned by institutional investors and hedge funds.

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Scotts Miracle-Gro Company Profile (NYSE:SMG)

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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