ValuEngine Upgrades Scotts Miracle-Gro (SMG) to “Hold”

Scotts Miracle-Gro (NYSE:SMG) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

SMG has been the topic of several other reports. Zacks Investment Research upgraded Scotts Miracle-Gro from a “hold” rating to a “buy” rating and set a $103.00 price objective on the stock in a research note on Thursday, February 1st. SunTrust Banks upgraded Scotts Miracle-Gro from a “hold” rating to a “buy” rating and set a $95.00 price objective on the stock in a research note on Tuesday. They noted that the move was a valuation call. Finally, Bank of America cut Scotts Miracle-Gro from a “buy” rating to an “underperform” rating and set a $110.00 price objective on the stock. in a research note on Wednesday, May 2nd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $101.75.

Scotts Miracle-Gro opened at $85.84 on Wednesday, Marketbeat reports. The firm has a market cap of $4.67 billion, a price-to-earnings ratio of 21.79, a PEG ratio of 2.01 and a beta of 0.27. The company has a debt-to-equity ratio of 3.91, a quick ratio of 1.15 and a current ratio of 1.81. Scotts Miracle-Gro has a 52 week low of $84.36 and a 52 week high of $85.42.

Scotts Miracle-Gro (NYSE:SMG) last announced its quarterly earnings data on Tuesday, May 1st. The basic materials company reported $2.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.31 by ($0.43). The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.08 billion. Scotts Miracle-Gro had a net margin of 9.15% and a return on equity of 40.86%. The firm’s revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.78 earnings per share. analysts anticipate that Scotts Miracle-Gro will post 4.1 EPS for the current fiscal year.

In other Scotts Miracle-Gro news, Director Brian D. Finn bought 7,500 shares of the company’s stock in a transaction that occurred on Friday, May 4th. The shares were purchased at an average price of $79.95 per share, with a total value of $599,625.00. Following the completion of the acquisition, the director now directly owns 21,874 shares of the company’s stock, valued at approximately $1,748,826.30. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Hagedorn Partnership, L.P. sold 36,667 shares of the stock in a transaction on Friday, May 4th. The shares were sold at an average price of $80.75, for a total value of $2,960,860.25. The disclosure for this sale can be found here. Over the last quarter, insiders sold 64,138 shares of company stock worth $5,196,797. Insiders own 29.14% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Cambridge Investment Research Advisors Inc. increased its holdings in Scotts Miracle-Gro by 61.1% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 17,822 shares of the basic materials company’s stock valued at $1,907,000 after buying an additional 6,759 shares during the last quarter. Ladenburg Thalmann Financial Services Inc. increased its holdings in Scotts Miracle-Gro by 32.4% in the fourth quarter. Ladenburg Thalmann Financial Services Inc. now owns 4,162 shares of the basic materials company’s stock valued at $446,000 after buying an additional 1,019 shares during the last quarter. MetLife Investment Advisors LLC purchased a new position in Scotts Miracle-Gro in the fourth quarter valued at $2,768,000. Teacher Retirement System of Texas increased its holdings in Scotts Miracle-Gro by 306.0% in the fourth quarter. Teacher Retirement System of Texas now owns 14,971 shares of the basic materials company’s stock valued at $1,602,000 after buying an additional 11,284 shares during the last quarter. Finally, BlackRock Inc. increased its holdings in Scotts Miracle-Gro by 0.9% in the fourth quarter. BlackRock Inc. now owns 3,546,354 shares of the basic materials company’s stock valued at $379,424,000 after buying an additional 30,264 shares during the last quarter. 67.07% of the stock is currently owned by hedge funds and other institutional investors.

About Scotts Miracle-Gro

The Scotts Miracle-Gro Company manufactures, markets, and sells consumer lawn and garden products. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It offers lawn care products, including lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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