Scotts Miracle-Gro Company [SMG] stock is trading at $60.86, up 3.45%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The SMG shares have gain 6.12% over the last week, with a monthly amount glided 5.28%, and seem to be holding up well over a long-time horizon.
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On 27, February 2024, ScottsMiracle-Gro at Raymond James and UBS investor conferences in March; Fireside chats featuring Matt Garth to be available via webcast. In a post published today on Yahoo Finance, The Scotts Miracle-Gro Company (NYSE: SMG), the world’s leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, will participate in fireside chats at the Raymond James & Associates 45th Annual Institutional Investors Conference on Monday, March 4, and the UBS Global Consumer and Retail Conference on Wednesday, March 13, 2024.
From an analyst’s perspective:
Scotts Miracle-Gro Company [NYSE: SMG] stock has seen the most recent analyst activity on July 13, 2023, when Stifel downgraded its rating to a Hold and also revised its price target to $72 from $78. Previously, Truist upgraded its rating to Buy on July 11, 2023, and elevated its price target to $80. On May 08, 2023, upgrade upgraded it’s rating to Overweight but maintained its price target of $80 on the stock. Stifel upgraded its rating to a Buy and increased its price target to $80 on May 01, 2023. Barclays downgraded its rating to a Equal Weight and reduced its price target to $70 on April 26, 2023. Wells Fargo upgraded its rating to Overweight for this stock on February 16, 2023, and upped its price target to $100. In a note dated February 02, 2023, Truist reiterated an Hold rating on this stock and boosted its target price from $50 to $70.
Scotts Miracle-Gro Company [SMG] stock has fluctuated between $43.67 and $86.77 over the past year. Currently, Wall Street analysts expect the stock to reach $76.83 within the next 12 months. Scotts Miracle-Gro Company [NYSE: SMG] shares were valued at $60.86 at the most recent close of the market. An investor can expect a potential return of 26.24% based on the average SMG price forecast.
Analyzing the SMG fundamentals
Scotts Miracle-Gro Company [NYSE:SMG] reported sales of 3.44B for the trailing twelve months, which represents a drop of -22.07%. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at -6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 59.71 points at the first support level, and at 58.57 for the second support level. However, for the 1st resistance point, the stock is sitting at 61.44, and for the 2nd resistance point, it is at 62.03.
Scotts Miracle-Gro Company [SMG] reported earnings per share of -$1.45 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$1.53/share, meaning a difference of $0.08 and a surprise factor of 5.20%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were -$2.77 per share as compared to estimates of -$2.88 per share, a difference of $0.11 representing a surprise of 3.80%.
Ratios To Look Out For
For context, Scotts Miracle-Gro Company’s Current Ratio is 2.20. In addition, the Quick Ratio stands at 0.67 and the Cash Ratio stands at 0.05. Considering the valuation of this stock, the price to sales ratio is 1.00.
Transactions by insiders
Recent insider trading involved Hagedorn Partnership, L.P., 10% Owner, that happened on Feb 23 when 15000.0 shares were sold. Director, Johnson Stephen L completed a deal on Feb 20 to sell 1394.0 shares. Meanwhile, Director Mistretta Nancy G. sold 3200.0 shares on Dec 14.
