Scotts Miracle-Gro (NYSE:SMG) insider Michael C. Lukemire sold 8,594 shares of the firm’s stock in a transaction dated Monday, May 14th. The shares were sold at an average price of $81.64, for a total transaction of $701,614.16. Following the sale, the insider now owns 35,638 shares of the company’s stock, valued at $2,909,486.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.
NYSE:SMG opened at $84.35 on Wednesday. The stock has a market cap of $4.52 billion, a price-to-earnings ratio of 19.59, a PEG ratio of 1.95 and a beta of 0.27. The company has a debt-to-equity ratio of 3.91, a current ratio of 1.81 and a quick ratio of 1.15. Scotts Miracle-Gro has a fifty-two week low of $83.19 and a fifty-two week high of $84.55.
Scotts Miracle-Gro (NYSE:SMG) last released its quarterly earnings data on Tuesday, May 1st. The basic materials company reported $2.88 earnings per share for the quarter, missing analysts’ consensus estimates of $3.31 by ($0.43). The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate 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 for the quarter was down 6.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.78 earnings per share. equities research analysts expect that Scotts Miracle-Gro will post 4.1 earnings per share for the current year.
Several hedge funds have recently made changes to their positions in SMG. Steward Partners Investment Advisory LLC grew its stake in shares of Scotts Miracle-Gro by 2,291.7% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 1,148 shares of the basic materials company’s stock worth $122,000 after acquiring an additional 1,100 shares during the period. SeaCrest Wealth Management LLC bought a new stake in shares of Scotts Miracle-Gro in the fourth quarter worth approximately $172,000. Asset Management One Co. Ltd. bought a new stake in shares of Scotts Miracle-Gro in the first quarter worth approximately $179,000. Charter Trust Co. bought a new stake in shares of Scotts Miracle-Gro in the fourth quarter worth approximately $203,000. Finally, Carnick & Kubik Group LLC bought a new stake in shares of Scotts Miracle-Gro in the fourth quarter worth approximately $209,000. Hedge funds and other institutional investors own 67.07% of the company’s stock.
A number of analysts have weighed in on SMG shares. SunTrust Banks reduced their price objective on shares of Scotts Miracle-Gro to $80.00 and set a “hold” rating for the company in a research note on Wednesday, April 18th. Zacks Investment Research lowered shares of Scotts Miracle-Gro from a “buy” rating to a “hold” rating in a research note on Saturday, January 27th. Bank of America set a $120.00 price objective on shares of Scotts Miracle-Gro and gave the company a “buy” rating in a research note on Tuesday, January 30th. Finally, ValuEngine upgraded shares of Scotts Miracle-Gro from a “sell” rating to a “hold” rating in a research note on Wednesday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $101.75.
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.
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