Scotts Miracle-Gro Company (NYSE: SMG) is 8.40% 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 $71.35 in the last trading session, with the day’s gains setting it 0.56%.
Currently trading at $71.91, the stock is 2.67% and -0.12% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.18 million and changing 0.78% at the moment leaves the stock -0.59% off its SMA200. SMG registered 21.94% gain for a year compared to 6-month loss of 2.38%. The firm has a 50-day simple moving average (SMA 50) of $72.0478 and a 200-day simple moving average (SMA200) of $72.32365.
The stock witnessed a 8.89% gain in the last 1 month and extending the period to 3 months gives it a -18.54%, and is -0.79% down 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 5.24% over the week and 3.15% over the month.
Scotts Miracle-Gro Company (SMG) has around 5300 employees, a market worth around $4.13B and $3.56B in sales. Fwd P/E is 16.77. Profit margin for the company is -0.67%. Distance from 52-week low is 34.59% and -23.42% from its 52-week high. The company has generated returns on investments over the last 12 months (-1.11%).
with sales reaching $1.51B over the same period.The EPS is expected to grow by 51.06% this year, but quarterly earnings will post 0.02% year-over-year. Quarterly sales are estimated to shrink -1.20% in year-over-year returns.
584.0 institutions hold shares in Scotts Miracle-Gro Company (SMG), with institutional investors hold 98.92% of the company’s shares. The shares outstanding are 57.45M, and float is at 43.49M with Short Float at 7.69%. Institutions hold 74.86% 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
Still, SEC filings show that on Dec 09 ’24, Hagedorn Partnership, L.P. (10% Owner) disposed off 108,550 shares at an average price of $74.62 for $8.1 million. The insider now directly holds 13,444,724 shares of Scotts Miracle-Gro Company (SMG).
