Brokers Issue Forecasts for SMG Q1 Earnings

The Scotts Miracle-Gro Company (NYSE:SMG) – Investment analysts at William Blair issued their Q1 2025 earnings per share estimates for Scotts Miracle-Gro in a research report issued to clients and investors on Wednesday, November 6th. William Blair analyst J. Andersen forecasts that the basic materials company will post earnings per share of ($1.27) for the quarter. The consensus estimate for Scotts Miracle-Gro’s current full-year earnings is $3.69 per share. William Blair also issued estimates for Scotts Miracle-Gro’s Q2 2025 earnings at $3.75 EPS, Q3 2025 earnings at $2.23 EPS and Q4 2025 earnings at ($1.40) EPS.

SMG has been the subject of a number of other reports. Truist Financial lowered their price target on Scotts Miracle-Gro from $90.00 to $70.00 and set a “hold” rating for the company in a report on Friday. Wells Fargo & Company dropped their target price on shares of Scotts Miracle-Gro from $95.00 to $85.00 and set an “overweight” rating on the stock in a research report on Thursday. UBS Group reduced their price target on shares of Scotts Miracle-Gro from $90.00 to $77.00 and set a “neutral” rating for the company in a research report on Thursday. Stifel Nicolaus raised their price objective on Scotts Miracle-Gro from $75.00 to $81.00 and gave the stock a “hold” rating in a report on Monday, November 4th. Finally, JPMorgan Chase & Co. cut their target price on Scotts Miracle-Gro from $85.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday. Five analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $78.60.

Scotts Miracle-Gro Stock Performance

SMG opened at $72.60 on Friday. Scotts Miracle-Gro has a one year low of $48.29 and a one year high of $93.90. The company has a market cap of $4.13 billion, a P/E ratio of -105.22 and a beta of 1.76. The business’s 50-day simple moving average is $80.87 and its 200-day simple moving average is $72.46.

Scotts Miracle-Gro Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a $0.66 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.64%. Scotts Miracle-Gro’s payout ratio is -382.61%.

Insider Transactions at Scotts Miracle-Gro

In related news, COO Nathan Eric Baxter sold 2,988 shares of the business’s stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $70.93, for a total value of $211,938.84. Following the transaction, the chief operating officer now owns 37,920 shares in the company, valued at $2,689,665.60. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, major shareholder Hagedorn Partnership, L.P. sold 85,130 shares of the company’s stock in a transaction on Wednesday, August 21st. The shares were sold at an average price of $70.93, for a total transaction of $6,038,270.90. Following the transaction, the insider now directly owns 13,608,238 shares of the company’s stock, valued at $965,232,321.34. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Nathan Eric Baxter sold 2,988 shares of the stock in a transaction dated Wednesday, August 21st. The shares were sold at an average price of $70.93, for a total transaction of $211,938.84. Following the completion of the transaction, the chief operating officer now owns 37,920 shares of the company’s stock, valued at $2,689,665.60. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 26.46% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Kayne Anderson Rudnick Investment Management LLC grew its holdings in Scotts Miracle-Gro by 1.0% in the second quarter. Kayne Anderson Rudnick Investment Management LLC now owns 5,201,683 shares of the basic materials company’s stock valued at $338,421,000 after purchasing an additional 49,262 shares during the last quarter. Earnest Partners LLC grew its stake in Scotts Miracle-Gro by 1.4% in the 2nd quarter. Earnest Partners LLC now owns 3,155,653 shares of the basic materials company’s stock valued at $205,307,000 after acquiring an additional 42,500 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Scotts Miracle-Gro by 24.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,726,338 shares of the basic materials company’s stock valued at $203,359,000 after acquiring an additional 542,406 shares in the last quarter. Millennium Management LLC raised its position in Scotts Miracle-Gro by 6.8% during the second quarter. Millennium Management LLC now owns 815,371 shares of the basic materials company’s stock worth $53,048,000 after acquiring an additional 52,136 shares during the last quarter. Finally, AQR Capital Management LLC lifted its holdings in shares of Scotts Miracle-Gro by 194.2% in the second quarter. AQR Capital Management LLC now owns 761,063 shares of the basic materials company’s stock valued at $49,515,000 after purchasing an additional 502,353 shares in the last quarter. 74.07% of the stock is currently owned by institutional investors and hedge funds.

About Scotts Miracle-Gro

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.