In the latest trading session,, 0.79 million Scotts Miracle-Gro Company (NYSE:SMG) shares changed hands as the company’s beta touched 1.96. With the company’s most recent per share price at $47.56 changed hands at -$5.98 or -11.16% at last look, the market valuation stands at $2.73B. SMG’s current price is a discount, trading about -97.43% off its 52-week high of $93.90. The share price had its 52-week low at $46.45, which suggests the last value was 2.33% up since then. When we look at Scotts Miracle-Gro Company’s average trading volume, we note the 10-day average is 1.31 million shares, with the 3-month average coming to 1.20 million.
Analysts gave the Scotts Miracle-Gro Company (SMG) stock a consensus recommendation rating of Buy, calculated at a mean rating of 1.40. If we narrow down to specifics, the data shows that 0 out of 4 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 2 recommended SMG as a Hold, 2 felt it is a Buy and 0 rated the stock as Underweight. Scotts Miracle-Gro Company’s EPS for the current quarter is expected to be 3.93.
Scotts Miracle-Gro Company (NYSE:SMG) trade information
Instantly SMG was in red as seen in intraday trades today. With action -11.21%, the performance over the past five days has been red. The company’s shares are showing year-to-date downside of -28.30%, with the 5-day performance at -11.21% in the red. However, in the 30-day time frame, Scotts Miracle-Gro Company (NYSE:SMG) is -13.34% down. Looking at the short shares, we see there were 3.34 million shares sold at short interest cover period of 2.32 days.
The consensus price target for the stock as assigned by Wall Street analysts is 72, meaning bulls need an upside of 33.94% from its recent market value. According to analyst projections, SMG’s forecast low is 72 with 72 as the target high. To hit the forecast high, the stock’s price needs a -51.39% plunge from its current level, while the stock would need to soar -51.39% for it to hit the projected low.
Scotts Miracle-Gro Company (SMG) estimates and forecasts
Year-over-year growth is forecast to reach 0.02% up from the last financial year.
Consensus estimates given by 7 financial analysts project the company’s revenue in the current quarter to hit an average of 1.5B. 7 analysts are of the opinion that Scotts Miracle-Gro Company’s revenue for the current quarter will be 1.22B. The company’s revenue for the corresponding quarters a year ago was 1.53B and 1.2B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -1.92%. The estimates for the next quarter sales put growth at 1.71%.
The 2025 estimates are for Scotts Miracle-Gro Company earnings to increase by 48.92%, but the outlook for the next 5-year period is at 30.16% per year.
SMG Dividends
Scotts Miracle-Gro Company is expected to release its next quarterly earnings report on 2025-Jan-28. The 5.55% annual yield figure for the share gives it an annual dividend of 2.64. It is important to note, however, that the 5.55% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 3.04 per year.
Scotts Miracle-Gro Company (NYSE:SMG)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 24.21% of Scotts Miracle-Gro Company shares while 74.44% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 98.22%. There are 74.44% institutions holding the Scotts Miracle-Gro Company stock share, with KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC the top institutional holder. As of 2024-06-30, the company held 9.1579% of the shares, roughly 5.2 million SMG shares worth $338.42 million.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 7.9846% or 4.54 million shares worth $295.06 million as of 2024-06-30.
Among Mutual Funds, the top two as of Jan 31, 2025 were Pacer Funds Trust-Pacer US Cash Cows 100 ETF and iShares Trust-iShares Core S&P Mid-Cap ETF . With 1.81 shares estimated at $84.2 million under it, the former controlled 3.14% of total outstanding shares. On the other hand, iShares Trust-iShares Core S&P Mid-Cap ETF held about 2.45% of the shares, roughly 1.41 shares worth around $65.57 million.
