Scotts Miracle-Gro (SMG) Scheduled to Post Quarterly Earnings on Wednesday

Scotts Miracle-Gro (NYSE:SMG) will post its quarterly earnings results before the market opens on Wednesday, November 6th. Analysts expect Scotts Miracle-Gro to post earnings of ($1.94) per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Scotts Miracle-Gro Stock Up 3.1 %

Shares of NYSE SMG opened at $89.66 on Monday. The business’s 50 day moving average is $79.90 and its two-hundred day moving average is $71.99. Scotts Miracle-Gro has a 52-week low of $48.29 and a 52-week high of $91.09. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of -18.96 and a beta of 1.76.

Insider Activity

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

Analyst Upgrades and Downgrades

SMG has been the topic of several research analyst reports. Stifel Nicolaus boosted their price objective on Scotts Miracle-Gro from $70.00 to $75.00 and gave the company a “hold” rating in a report on Friday, August 2nd. Truist Financial boosted their price target on shares of Scotts Miracle-Gro from $65.00 to $90.00 and gave the stock a “hold” rating in a research note on Wednesday, October 16th. Finally, Wells Fargo & Company increased their price target on shares of Scotts Miracle-Gro from $75.00 to $85.00 and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, Scotts Miracle-Gro presently has a consensus rating of “Hold” and an average price target of $83.75.

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.