Scotts Miracle-Gro Company (NYSE: SMG) is 26.81% higher on its value in year-to-date trading and has touched a low of $43.67 and a high of $82.11 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The SMG stock was last observed hovering at around $81.21 in the last trading session, with the day’s loss setting it -0.37%.
Currently trading at $80.84, the stock is 13.82% and 14.38% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.83 million and changing -0.46% at the moment leaves the stock 22.02% off its SMA200. SMG registered 56.15% gain for a year compared to 6-month gain of 12.89%. The firm has a 50-day simple moving average (SMA 50) of $70.9586 and a 200-day simple moving average (SMA200) of $66.3469.
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The stock witnessed a 11.78% loss in the last 1 month and extending the period to 3 months gives it a 20.86%, and is 11.12% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 3.41% over the week and 2.87% over the month.
Scotts Miracle-Gro Company (SMG) has around 5500 employees, a market worth around $4.59B and $3.51B in sales. Fwd P/E is 21.42. Profit margin for the company is -7.38%. Distance from 52-week low is 85.12% and -1.55% from its 52-week high. The company has generated returns on investments over the last 12 months (-10.30%).
Scotts Miracle-Gro Company quarterly earnings per share for the current quarter are estimated at -1.95 with sales reaching $399.78M over the same period.The EPS is expected to grow by 114.80% this year, but quarterly earnings will post -0.30% year-over-year. Quarterly sales are estimated to grow 6.80% in year-over-year returns.
572.0 institutions hold shares in Scotts Miracle-Gro Company (SMG), with institutional investors hold 111.91% of the company’s shares. The shares outstanding are 56.50M, and float is at 42.73M with Short Float at 12.27%. Institutions hold 83.95% of the Float.
The top institutional shareholder in the company is KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC with over 5.2 million shares valued at $338.42 million. The investor’s holdings represent 9.1579 of the SMG Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 4.54 million shares valued at $295.06 million to account for 7.9846 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 3.84 million shares representing 6.7619 and valued at over $249.88 million, while EARNEST PARTNERS LLC holds 5.5557 of the shares totaling 3.16 million with a market value of $205.31 million.
Scotts Miracle-Gro Company (SMG) Insider Activity
The most recent transaction is an insider sale by Baxter Nathan Eric, the company’s EVP and COO. SEC filings show that Baxter Nathan Eric sold 2,988 shares of the company’s common stock on Aug 21 ’24 at a price of $70.93 per share for a total of $0.21 million. Following the sale, the insider now owns 37920.0 shares.
Scotts Miracle-Gro Company disclosed in a document filed with the SEC on Aug 22 ’24 that Baxter Nathan Eric (EVP and COO) sold a total of 928 shares of the company’s common stock. The trade occurred on Aug 22 ’24 and was made at $70.57 per share for $65490.0. Following the transaction, the insider now directly holds 36993.0 shares of the SMG stock.
Still, SEC filings show that on Aug 21 ’24, Hagedorn Partnership, L.P. (10% Owner) disposed off 85,130 shares at an average price of $70.93 for $6.04 million. The insider now directly holds 13,608,238 shares of Scotts Miracle-Gro Company (SMG).
