Doliver Advisors LP Has $362,000 Stake in The Scotts Miracle-Gro Company (NYSE:SMG)

Doliver Advisors LP decreased its position in The Scotts Miracle-Gro Company (NYSE:SMG) by 6.6% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 6,593 shares of the basic materials company’s stock after selling 464 shares during the period. Doliver Advisors LP’s holdings in Scotts Miracle-Gro were worth $362,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PFG Investments LLC lifted its position in Scotts Miracle-Gro by 4.6% in the 4th quarter. PFG Investments LLC now owns 3,226 shares of the basic materials company’s stock worth $214,000 after buying an additional 141 shares in the last quarter. US Bancorp DE lifted its position in Scotts Miracle-Gro by 0.4% in the 4th quarter. US Bancorp DE now owns 42,303 shares of the basic materials company’s stock worth $2,807,000 after buying an additional 154 shares in the last quarter. Investment House LLC lifted its position in Scotts Miracle-Gro by 0.3% in the 4th quarter. Investment House LLC now owns 61,190 shares of the basic materials company’s stock worth $4,059,000 after buying an additional 195 shares in the last quarter. Huntington National Bank lifted its position in Scotts Miracle-Gro by 5.8% in the 4th quarter. Huntington National Bank now owns 3,664 shares of the basic materials company’s stock worth $243,000 after buying an additional 200 shares in the last quarter. Finally, Tortoise Investment Management LLC lifted its position in Scotts Miracle-Gro by 77.3% in the 4th quarter. Tortoise Investment Management LLC now owns 516 shares of the basic materials company’s stock worth $34,000 after buying an additional 225 shares in the last quarter. Institutional investors and hedge funds own 74.07% of the company’s stock.

Scotts Miracle-Gro Price Performance

Shares of SMG opened at $59.56 on Friday. The company has a market capitalization of $3.44 billion, a PE ratio of -124.08 and a beta of 1.98. The Scotts Miracle-Gro Company has a one year low of $45.61 and a one year high of $93.90. The company’s fifty day moving average price is $55.28 and its 200 day moving average price is $63.75.

Scotts Miracle-Gro (NYSE:SMG) last announced its earnings results on Wednesday, April 30th. The basic materials company reported $3.98 EPS for the quarter, topping the consensus estimate of $3.95 by $0.03. The firm had revenue of $1.42 billion for the quarter, compared to the consensus estimate of $1.50 billion. Scotts Miracle-Gro had a negative net margin of 0.67% and a negative return on equity of 51.48%. The business’s quarterly revenue was down 6.8% on a year-over-year basis. During the same quarter last year, the firm posted $3.69 EPS. Analysts anticipate that The Scotts Miracle-Gro Company will post 3.42 earnings per share for the current year.

Scotts Miracle-Gro Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, June 6th. Shareholders of record on Friday, May 23rd will be given a $0.66 dividend. The ex-dividend date is Friday, May 23rd. This represents a $2.64 annualized dividend and a yield of 4.43%. Scotts Miracle-Gro’s dividend payout ratio is 528.00%.

Analysts Set New Price Targets

A number of research firms have issued reports on SMG. JPMorgan Chase & Co. cut their target price on shares of Scotts Miracle-Gro from $80.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, May 1st. Jefferies Financial Group upgraded shares of Scotts Miracle-Gro from a “hold” rating to a “buy” rating and cut their price target for the company from $72.00 to $69.00 in a report on Monday, April 7th. Truist Financial upgraded shares of Scotts Miracle-Gro from a “hold” rating to a “buy” rating and set a $70.00 price target on the stock in a report on Wednesday, April 2nd. Stifel Nicolaus upgraded shares of Scotts Miracle-Gro from a “hold” rating to a “buy” rating and cut their price target for the company from $78.00 to $70.00 in a report on Tuesday, March 4th. Finally, UBS Group cut their price target on shares of Scotts Miracle-Gro from $55.00 to $54.00 and set a “neutral” rating on the stock in a report on Thursday, May 1st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $65.83.

Scotts Miracle-Gro Profile

The Scotts Miracle-Gro Company, together with its subsidiaries, manufactures, markets, and sells products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. It operates through three segments: U.S. Consumer, Hawthorne, and Other. The company provides lawn care products, comprising lawn fertilizers, grass seed products, spreaders, and other durable products, as well as lawn-related weed, pest, and disease control products; and gardening and landscape products, which include water-soluble and continuous-release plant foods, potting mixes, garden soils, mulches and ground cover products, plant-related pest and disease control products, organic garden products, and live goods and seeding solutions.