Scotts Miracle-Gro (NYSE:SMG) Price Target Raised to $70.00

Scotts Miracle-Gro (NYSE:SMG) had its price objective increased by Wells Fargo & Company from $67.00 to $70.00 in a research report report published on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the basic materials company’s stock.

A number of other research firms have also weighed in on SMG. Jefferies Financial Group upped their price objective on shares of Scotts Miracle-Gro from $71.00 to $74.00 and gave the stock a “buy” rating in a research note on Wednesday, November 5th. UBS Group increased their price objective on shares of Scotts Miracle-Gro from $61.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, January 14th. Stifel Nicolaus set a $70.00 price objective on shares of Scotts Miracle-Gro and gave the company a “buy” rating in a report on Thursday, November 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Scotts Miracle-Gro in a report on Wednesday, January 21st. Finally, Wall Street Zen downgraded Scotts Miracle-Gro from a “buy” rating to a “hold” rating in a report on Saturday, October 25th. Five research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Scotts Miracle-Gro has an average rating of “Moderate Buy” and an average price target of $71.00.

Scotts Miracle-Gro Stock Performance

SMG opened at $64.09 on Thursday. The stock’s 50 day moving average price is $59.11 and its 200-day moving average price is $59.34. Scotts Miracle-Gro has a one year low of $45.61 and a one year high of $71.78. The stock has a market cap of $3.72 billion, a price-to-earnings ratio of 43.60 and a beta of 1.95.

Scotts Miracle-Gro (NYSE:SMG) last posted its quarterly earnings results on Wednesday, January 28th. The basic materials company reported ($0.77) EPS for the quarter, topping the consensus estimate of ($1.04) by $0.27. Scotts Miracle-Gro had a net margin of 2.68% and a negative return on equity of 68.59%. The company had revenue of $354.40 million for the quarter, compared to the consensus estimate of $353.25 million. During the same quarter last year, the firm posted ($0.89) EPS. The firm’s revenue was down 3.3% compared to the same quarter last year. Scotts Miracle-Gro has set its FY 2026 guidance at 4.150-4.35 EPS. As a group, analysts predict that Scotts Miracle-Gro will post 3.42 earnings per share for the current fiscal year.

Scotts Miracle-Gro Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 6th. Stockholders of record on Friday, February 20th will be paid a dividend of $0.66 per share. The ex-dividend date is Friday, February 20th. This represents a $2.64 dividend on an annualized basis and a dividend yield of 4.1%. Scotts Miracle-Gro’s payout ratio is presently 179.59%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Spire Wealth Management increased its position in shares of Scotts Miracle-Gro by 32.1% in the 2nd quarter. Spire Wealth Management now owns 725 shares of the basic materials company’s stock valued at $48,000 after acquiring an additional 176 shares during the period. Louisiana State Employees Retirement System increased its holdings in shares of Scotts Miracle-Gro by 1.6% in the third quarter. Louisiana State Employees Retirement System now owns 12,400 shares of the basic materials company’s stock valued at $706,000 after purchasing an additional 200 shares during the period. State of Michigan Retirement System raised its stake in shares of Scotts Miracle-Gro by 1.9% in the third quarter. State of Michigan Retirement System now owns 10,600 shares of the basic materials company’s stock worth $604,000 after purchasing an additional 200 shares during the last quarter. Arizona State Retirement System increased its holdings in Scotts Miracle-Gro by 1.8% in the 3rd quarter. Arizona State Retirement System now owns 13,662 shares of the basic materials company’s stock worth $778,000 after buying an additional 245 shares during the period. Finally, Northwestern Mutual Investment Management Company LLC increased its holdings in Scotts Miracle-Gro by 2.5% in the 3rd quarter. Northwestern Mutual Investment Management Company LLC now owns 9,911 shares of the basic materials company’s stock worth $564,000 after buying an additional 246 shares during the period. Institutional investors and hedge funds own 74.07% of the company’s stock.

More Scotts Miracle-Gro News

Here are the key news stories impacting Scotts Miracle-Gro this week:

• Positive Sentiment: Company announced a $500M share repurchase program, set targets to grow sales and EBITDA by $1B each through 2030 and will divest Hawthorne as it exits cannabis — a clearer strategic pivot and capital-return plan that supports long-term cash returns and margin improvement. Scotts Miracle-Gro outlines $1B targets & $500M buyback
• Positive Sentiment: Q1 results beat adjusted EPS and revenue estimates (adjusted loss narrower than expected; sales modestly above forecasts), and management reaffirmed fiscal 2026 outlook — supports near-term operational stability. Q1 beat and outlook reaffirmed
• Positive Sentiment: Wells Fargo raised its price target to $70 and moved to an Overweight rating — a bullish analyst signal that implies upside to consensus. Wells Fargo raises PT to $70
• Neutral Sentiment: UBS nudged its target to $66 but kept a Neutral rating, highlighting continued pressure in consumer staples — suggests cautious tone despite modest valuation support. UBS revises outlook, keeps Neutral
• Neutral Sentiment: Company expanded equity incentive plans after shareholder approval — helps retain management/employee alignment but dilutive potential should be monitored. Equity incentive expansion
• Negative Sentiment: Q1 showed a wider GAAP loss (cannabis-related exit charges) and revenue was down year‑over‑year ~3.3% — near-term profitability and headline EPS volatility remain risks as the company completes the Hawthorne divestiture. Wider Q1 loss amid cannabis exit
• Negative Sentiment: FY‑2026 EPS guidance was reiterated at $4.15–$4.35, slightly below consensus (~$4.28) — this modest shortfall tempers upside despite buybacks and long-term targets. Guidance and earnings call highlights

Scotts Miracle-Gro Company Profile

Scotts Miracle-Gro Company is a leading developer, manufacturer and distributor of consumer lawn and garden products. The firm serves both retail and professional customers through an array of branded offerings that include lawn fertilizers, grass seed, pest and disease control solutions, plant foods and specialty products for indoor and outdoor gardening. Its portfolio spans well-known names such as Scotts®, Miracle-Gro®, Ortho® and various hydroponic and specialty garden brands.

Headquartered in Marysville, Ohio, the company traces its roots to O.M.