Scotts Miracle-Gro (NYSE:SMG) Stock Price Down 5.2% – Should You Sell?

The Scotts Miracle-Gro Company (NYSE:SMGGet Free Report)’s stock price fell 5.2% during trading on Monday . The company traded as low as $65.39 and last traded at $65.2740. 61,173 shares changed hands during trading, a decline of 93% from the average session volume of 926,860 shares. The stock had previously closed at $68.85.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on SMG shares. Weiss Ratings restated a “hold (c)” rating on shares of Scotts Miracle-Gro in a research report on Monday, May 4th. Jefferies Financial Group reiterated a “buy” rating and set a $79.00 target price on shares of Scotts Miracle-Gro in a report on Wednesday, April 29th. Wells Fargo & Company reduced their price target on Scotts Miracle-Gro from $75.00 to $72.00 and set an “overweight” rating on the stock in a report on Wednesday, April 8th. JPMorgan Chase & Co. lowered Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $70.00 to $67.00 in a research report on Thursday, March 26th. Finally, UBS Group reissued a “neutral” rating on shares of Scotts Miracle-Gro in a research note on Tuesday, June 23rd. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $72.67.

View Our Latest Stock Analysis on Scotts Miracle-Gro

Scotts Miracle-Gro Price Performance

The firm has a market cap of $3.88 billion, a P/E ratio of 37.22 and a beta of 1.81. The firm’s 50 day moving average is $62.03 and its 200 day moving average is $63.02.

Scotts Miracle-Gro (NYSE:SMGGet Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The basic materials company reported $4.53 EPS for the quarter, topping analysts’ consensus estimates of $3.97 by $0.56. Scotts Miracle-Gro had a negative return on equity of 79.61% and a net margin of 3.27%.The firm had revenue of $1.46 billion for the quarter, compared to analysts’ expectations of $1.41 billion. During the same period in the previous year, the firm posted $3.98 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. As a group, analysts expect that The Scotts Miracle-Gro Company will post 4.3 EPS for the current year.

Scotts Miracle-Gro Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were issued a dividend of $0.66 per share. The ex-dividend date was Friday, May 22nd. This represents a $2.64 annualized dividend and a dividend yield of 4.0%. Scotts Miracle-Gro’s dividend payout ratio (DPR) is presently 147.49%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of SMG. Cassaday & Co Wealth Management LLC purchased a new position in Scotts Miracle-Gro in the 1st quarter worth approximately $26,000. Key Capital Management INC purchased a new stake in Scotts Miracle-Gro during the 4th quarter valued at $29,000. Caitong International Asset Management Co. Ltd bought a new stake in shares of Scotts Miracle-Gro in the 3rd quarter worth $32,000. SBI Securities Co. Ltd. increased its holdings in shares of Scotts Miracle-Gro by 127.9% in the 4th quarter. SBI Securities Co. Ltd. now owns 889 shares of the basic materials company’s stock worth $52,000 after purchasing an additional 499 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd purchased a new position in shares of Scotts Miracle-Gro in the fourth quarter worth $53,000. 74.07% of the stock is owned by hedge funds and other institutional investors.

Scotts Miracle-Gro Company Profile

(Get Free Report)

Scotts Miracle-Gro Company is a leading developer, manufacturer and distributor of consumer lawn and garden products. The firm serves both retail and professional customers through an array of branded offerings that include lawn fertilizers, grass seed, pest and disease control solutions, plant foods and specialty products for indoor and outdoor gardening. Its portfolio spans well-known names such as Scotts®, Miracle-Gro®, Ortho® and various hydroponic and specialty garden brands.

Headquartered in Marysville, Ohio, the company traces its roots to O.M.

Recommended Stories

Receive News & Ratings for Scotts Miracle-Gro Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scotts Miracle-Gro and related companies with MarketBeat.com's FREE daily email newsletter.