Bryce Point Capital LLC Invests $666,000 in The Scotts Miracle-Gro Company $SMG

Bryce Point Capital LLC acquired a new stake in shares of The Scotts Miracle-Gro Company (NYSE:SMG) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 11,700 shares of the basic materials company’s stock, valued at approximately $666,000. Scotts Miracle-Gro accounts for 0.8% of Bryce Point Capital LLC’s investment portfolio, making the stock its 12th largest position.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Campbell & CO Investment Adviser LLC acquired a new stake in Scotts Miracle-Gro in the 3rd quarter valued at $1,425,000. Thrivent Financial for Lutherans lifted its holdings in shares of Scotts Miracle-Gro by 215.2% during the second quarter. Thrivent Financial for Lutherans now owns 31,853 shares of the basic materials company’s stock valued at $2,101,000 after acquiring an additional 21,747 shares during the period. Brandes Investment Partners LP boosted its stake in shares of Scotts Miracle-Gro by 333.3% in the 2nd quarter. Brandes Investment Partners LP now owns 603,941 shares of the basic materials company’s stock valued at $39,836,000 after purchasing an additional 464,570 shares in the last quarter. AGF Management Ltd. grew its holdings in shares of Scotts Miracle-Gro by 12.6% in the 2nd quarter. AGF Management Ltd. now owns 50,600 shares of the basic materials company’s stock worth $3,338,000 after purchasing an additional 5,649 shares during the last quarter. Finally, Corient Private Wealth LLC grew its holdings in shares of Scotts Miracle-Gro by 315.9% in the 2nd quarter. Corient Private Wealth LLC now owns 92,168 shares of the basic materials company’s stock worth $6,079,000 after purchasing an additional 70,008 shares during the last quarter. 74.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on SMG shares. Jefferies Financial Group boosted their price target on shares of Scotts Miracle-Gro from $71.00 to $74.00 and gave the company a “buy” rating in a research report on Wednesday, November 5th. Stifel Nicolaus set a $70.00 target price on Scotts Miracle-Gro and gave the stock a “buy” rating in a report on Thursday, November 6th. Wells Fargo & Company increased their price target on Scotts Miracle-Gro from $67.00 to $70.00 and gave the stock an “overweight” rating in a research report on Thursday, January 29th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Scotts Miracle-Gro in a research report on Wednesday, January 21st. Finally, Wall Street Zen lowered Scotts Miracle-Gro from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.00.

Scotts Miracle-Gro Stock Performance

Shares of SMG stock opened at $66.64 on Tuesday. The firm’s 50 day moving average price is $60.18 and its two-hundred day moving average price is $59.14. The stock has a market cap of $3.87 billion, a PE ratio of 45.33 and a beta of 1.98. The Scotts Miracle-Gro Company has a 52-week low of $45.61 and a 52-week high of $70.67.

Scotts Miracle-Gro (NYSE:SMG) last announced its quarterly earnings data on Wednesday, January 28th. The basic materials company reported ($0.77) EPS for the quarter, topping analysts’ consensus estimates of ($1.04) by $0.27. Scotts Miracle-Gro had a negative return on equity of 68.59% and a net margin of 2.68%.The business had revenue of $354.40 million during the quarter, compared to analysts’ expectations of $353.25 million. During the same period in the previous year, the firm earned ($0.89) earnings per share. The firm’s quarterly 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, sell-side analysts predict that The Scotts Miracle-Gro Company will post 3.42 earnings per share for the current fiscal year.

Scotts Miracle-Gro Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 6th. Shareholders of record on Friday, February 20th will be issued a dividend of $0.66 per share. The ex-dividend date is Friday, February 20th. This represents a $2.64 annualized dividend and a yield of 4.0%. Scotts Miracle-Gro’s payout ratio is currently 179.59%.

About Scotts Miracle-Gro

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.