Scotts Miracle-Gro Co (NYSE:SMG) EVP Sells $238,214.08 in Stock

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Scotts Miracle-Gro Co (NYSE:SMG) EVP Denise Stump sold 2,249 shares of the business’s stock in a transaction that occurred on Thursday, November 14th. The shares were sold at an average price of $105.92, for a total value of $238,214.08. Following the completion of the transaction, the executive vice president now directly owns 11,211 shares of the company’s stock, valued at $1,187,469.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Shares of Scotts Miracle-Gro stock traded down $0.29 on Friday, reaching $106.28. The company’s stock had a trading volume of 24,380 shares, compared to its average volume of 436,032. The company has a market capitalization of $5.89 billion, a P/E ratio of 23.78, a PEG ratio of 2.18 and a beta of 0.79. Scotts Miracle-Gro Co has a 52-week low of $57.96 and a 52-week high of $114.63. The stock has a 50-day moving average price of $101.48 and a 200-day moving average price of $99.82. The company has a quick ratio of 0.81, a current ratio of 1.68 and a debt-to-equity ratio of 2.11.

Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings data on Wednesday, November 6th. The basic materials company reported ($0.91) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.87) by ($0.04). The business had revenue of $497.70 million during the quarter, compared to analysts’ expectations of $451.49 million. Scotts Miracle-Gro had a net margin of 14.59% and a return on equity of 41.87%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.75) earnings per share. Sell-side analysts forecast that Scotts Miracle-Gro Co will post 5.02 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Tuesday, November 26th will be given a dividend of $0.58 per share. This represents a $2.32 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Monday, November 25th. Scotts Miracle-Gro’s payout ratio is 51.90%.

Several institutional investors and hedge funds have recently modified their holdings of SMG. Optimum Investment Advisors purchased a new stake in shares of Scotts Miracle-Gro during the third quarter worth approximately $25,000. NEXT Financial Group Inc increased its position in shares of Scotts Miracle-Gro by 806.7% during the second quarter. NEXT Financial Group Inc now owns 272 shares of the basic materials company’s stock worth $27,000 after purchasing an additional 242 shares in the last quarter. Whittier Trust Co. purchased a new stake in shares of Scotts Miracle-Gro during the third quarter worth approximately $30,000. Wealthcare Advisory Partners LLC purchased a new stake in shares of Scotts Miracle-Gro during the third quarter worth approximately $31,000. Finally, Griffin Asset Management Inc. purchased a new stake in shares of Scotts Miracle-Gro during the second quarter worth approximately $42,000. Hedge funds and other institutional investors own 66.93% of the company’s stock.

A number of brokerages have issued reports on SMG. Zacks Investment Research downgraded Scotts Miracle-Gro from a “buy” rating to a “hold” rating and set a $117.00 price target for the company. in a report on Tuesday, October 1st. Bank of America raised Scotts Miracle-Gro from a “neutral” rating to a “buy” rating and set a $108.00 price target for the company in a report on Friday, October 25th. ValuEngine raised Scotts Miracle-Gro from a “sell” rating to a “hold” rating in a report on Friday, November 8th. Finally, SunTrust Banks boosted their price target on Scotts Miracle-Gro to $120.00 and gave the company a “positive” rating in a report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $98.42.

About Scotts Miracle-Gro

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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