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.
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.
ILLEGAL ACTIVITY NOTICE: This report was originally posted by Ticker Report and is owned by of Ticker Report. If you are viewing this report on another site, it was illegally copied and republished in violation of United States and international copyright and trademark laws. The original version of this report can be viewed at https://www.tickerreport.com/banking-finance/4371627/scotts-miracle-gro-nysesmg-shares-up-1-2.html.
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.
Featured Story: Understanding Specialty Certificates of Deposit
Receive News & Ratings for Scotts Miracle-Gro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scotts Miracle-Gro and related companies with MarketBeat.com's FREE daily email newsletter.