The Scotts Miracle-Gro Company (NYSE:SMG) Shares Sold by Stephens Inc. AR

Stephens Inc. AR decreased its holdings in The Scotts Miracle-Gro Company (NYSE:SMGGet Rating) by 15.0% in the first quarter, Holdings Channel reports. The fund owned 2,466 shares of the basic materials company’s stock after selling 435 shares during the period. Stephens Inc. AR’s holdings in Scotts Miracle-Gro were worth $303,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of SMG. First Eagle Investment Management LLC raised its holdings in Scotts Miracle-Gro by 159.4% in the 4th quarter. First Eagle Investment Management LLC now owns 1,177,704 shares of the basic materials company’s stock valued at $189,610,000 after acquiring an additional 723,672 shares during the last quarter. Marshall Wace LLP raised its holdings in Scotts Miracle-Gro by 341.0% in the 4th quarter. Marshall Wace LLP now owns 327,531 shares of the basic materials company’s stock valued at $52,734,000 after acquiring an additional 253,258 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC raised its holdings in Scotts Miracle-Gro by 3.8% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 4,942,266 shares of the basic materials company’s stock valued at $795,708,000 after acquiring an additional 182,828 shares during the last quarter. Clark Capital Management Group Inc. acquired a new stake in Scotts Miracle-Gro in the 4th quarter valued at about $26,901,000. Finally, Raymond James & Associates raised its holdings in Scotts Miracle-Gro by 28.0% in the 4th quarter. Raymond James & Associates now owns 543,633 shares of the basic materials company’s stock valued at $87,527,000 after acquiring an additional 119,068 shares during the last quarter. Institutional investors and hedge funds own 62.23% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of Scotts Miracle-Gro from a “hold” rating to a “sell” rating in a report on Saturday, May 21st. Stifel Nicolaus cut their price target on shares of Scotts Miracle-Gro from $116.00 to $93.00 in a report on Tuesday, June 14th. JPMorgan Chase & Co. downgraded shares of Scotts Miracle-Gro from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $130.00 to $95.00 in a report on Thursday, June 9th. Barclays downgraded shares of Scotts Miracle-Gro from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $150.00 to $110.00 in a report on Thursday, April 21st. Finally, Raymond James cut their price target on shares of Scotts Miracle-Gro from $110.00 to $100.00 and set a “strong-buy” rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Scotts Miracle-Gro currently has an average rating of “Hold” and a consensus target price of $113.88.

Insider Buying and Selling at Scotts Miracle-Gro

In other Scotts Miracle-Gro news, EVP James D. King sold 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $98.42, for a total value of $1,722,350.00. Following the completion of the transaction, the executive vice president now owns 9,760 shares of the company’s stock, valued at approximately $960,579.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Scotts Miracle-Gro news, EVP James D. King sold 17,500 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The shares were sold at an average price of $98.42, for a total value of $1,722,350.00. Following the completion of the transaction, the executive vice president now owns 9,760 shares of the company’s stock, valued at approximately $960,579.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO James Hagedorn sold 60,000 shares of Scotts Miracle-Gro stock in a transaction on Friday, May 13th. The stock was sold at an average price of $97.74, for a total transaction of $5,864,400.00. Following the sale, the chief executive officer now directly owns 261,816 shares of the company’s stock, valued at $25,589,895.84. The disclosure for this sale can be found here. 27.31% of the stock is currently owned by corporate insiders.

Scotts Miracle-Gro Stock Performance

NYSE:SMG opened at $80.27 on Friday. The company has a debt-to-equity ratio of 3.44, a quick ratio of 1.13 and a current ratio of 2.21. The stock has a market capitalization of $4.45 billion, a P/E ratio of 11.27 and a beta of 1.24. The company has a 50 day moving average price of $85.09 and a 200 day moving average price of $109.80. The Scotts Miracle-Gro Company has a fifty-two week low of $72.58 and a fifty-two week high of $180.43.

Scotts Miracle-Gro (NYSE:SMGGet Rating) last posted its quarterly earnings data on Wednesday, August 3rd. The basic materials company reported $1.98 earnings per share for the quarter, topping analysts’ consensus estimates of $1.70 by $0.28. The firm had revenue of $1.19 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Scotts Miracle-Gro had a net margin of 8.81% and a return on equity of 42.22%. The firm’s quarterly revenue was down 26.3% on a year-over-year basis. During the same quarter last year, the company posted $3.98 EPS. Equities research analysts forecast that The Scotts Miracle-Gro Company will post 4.73 EPS for the current year.

Scotts Miracle-Gro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Friday, August 26th will be given a $0.66 dividend. The ex-dividend date of this dividend is Thursday, August 25th. This represents a $2.64 annualized dividend and a yield of 3.29%. Scotts Miracle-Gro’s dividend payout ratio is presently 37.08%.

Scotts Miracle-Gro Profile

(Get Rating)

The Scotts Miracle-Gro Company engages in the manufacture, marketing, and sale of products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It provides lawn care products comprising lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products; gardening and landscape products include water-soluble and continuous-release plant foods, potting mixes and garden soils, mulch and decorative groundcover products, plant-related pest and disease control products, organic garden products, and lives goods and seeding solutions.

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Institutional Ownership by Quarter for Scotts Miracle-Gro (NYSE:SMG)

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