Scotts Miracle-Gro Company (NYSE: SMG) is 1.43% higher on its value in year-to-date trading and has touched a low of $53.43 and a high of $93.90 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 $66.91 in the last trading session, with the day’s gains setting it 0.38%.
Currently trading at $67.29, the stock is -2.42% and -10.06% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.42 million and changing 0.57% at the moment leaves the stock -7.13% off its SMA200. SMG registered 6.37% gain for a year compared to 6-month gain of 9.79%. The firm has a 50-day simple moving average (SMA 50) of $74.816 and a 200-day simple moving average (SMA200) of $72.4551.
The stock witnessed a -10.84% loss in the last 1 month and extending the period to 3 months gives it a -21.11%, and is 1.43% 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 2.76% over the week and 2.79% over the month.
Scotts Miracle-Gro Company (SMG) has around 5300 employees, a market worth around $3.87B and $3.55B in sales. Fwd P/E is 16.28. Profit margin for the company is -0.98%. Distance from 52-week low is 25.94% and -28.34% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.75%).
The EPS is expected to grow by 45.40% this year
599.0 institutions hold shares in Scotts Miracle-Gro Company (SMG), with institutional investors hold 102.29% of the company’s shares. The shares outstanding are 57.10M, and float is at 43.47M with Short Float at 10.21%. Institutions hold 77.43% 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 Hagedorn Partnership, L.P., the company’s 10% Owner. SEC filings show that Hagedorn Partnership, L.P. sold 108,550 shares of the company’s common stock on Dec 09 ’24 at a price of $74.62 per share for a total of $8.1 million. Following the sale, the insider now owns 13.44 million shares.
Scotts Miracle-Gro Company disclosed in a document filed with the SEC on Dec 09 ’24 that HAGEDORN ROBERT (10% Owner) sold a total of 108,550 shares of the company’s common stock. The trade occurred on Dec 09 ’24 and was made at $74.62 per share for $8.1 million. Following the transaction, the insider now directly holds 13.44 million shares of the SMG stock.
Still, SEC filings show that on Dec 09 ’24, Baxter Nathan Eric (EVP and COO) disposed off 11,359 shares at an average price of $75.37 for $0.86 million. The insider now directly holds 51,631 shares of Scotts Miracle-Gro Company (SMG).
