The stock of Scotts Miracle-Gro Co (NYSE:SMG) reached all time high today, Oct, 7 and still has $137.91 target or 65.00% above today’s $83.58 share price. This indicates more upside for the $5.13 billion company. This technical setup was reported by Barchart.com. If the $137.91 PT is reached, the company will be worth $3.33 billion more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 160,554 shares traded hands. Scotts Miracle-Gro Co (NYSE:SMG) has risen 18.78% since March 4, 2016 and is uptrending. It has outperformed by 10.74% the S&P500.
Analysts await Scotts Miracle-Gro Co (NYSE:SMG) to report earnings on November, 1. They expect $-0.24 EPS, down 100.00% or $0.12 from last year’s $-0.12 per share. After $2.16 actual EPS reported by Scotts Miracle-Gro Co for the previous quarter, Wall Street now forecasts -111.11% negative EPS growth.
According to Zacks Investment Research, “The Scotts Miracle-Gro Company, through its wholly-owned subsidiary, The Scotts Company LLC, is the world’s largest marketer of branded consumer products for lawn and garden care, with products for professional horticulture as well. The Company’s brands are the most recognized in the industry. In the U.S., the Company’s Scotts, Miracle-Gro, Ortho and Smith & Hawken brands are market-leading in their categories, as is the consumer Roundup brand, which is marketed in North America and most of Europe exclusively by Scotts and owned by Monsanto. In the U.S. the Company operates Scotts LawnService0, the second largest residential lawn care service business. In Europe, the Company’s brands include Weedol, Pathclear, Evergreen, Levington, Miracle-Gro, KB, Fertiligene and Substral. Its customers include home improvement centers, mass merchandisers, warehouse clubs, hardware chains, independent hardware stores, nurseries, food and drug stores, commercial nurseries and greenhouses, and specialty crop growers.”
Insitutional Activity: The institutional sentiment increased to 1.31 in Q2 2016. Its up 0.02, from 1.29 in 2016Q1. The ratio increased, as 26 funds sold all Scotts Miracle-Gro Co shares owned while 82 reduced positions. 35 funds bought stakes while 106 increased positions. They now own 40.29 million shares or 2.94% less from 41.51 million shares in 2016Q1.
Zacks Mgmt holds 0.05% of its portfolio in Scotts Miracle-Gro Co (NYSE:SMG) for 23,802 shares. Blackrock Institutional Na owns 1.39 million shares or 0.02% of their US portfolio. Parkwood Lc has invested 0.08% of its portfolio in Scotts Miracle-Gro Co (NYSE:SMG). Boyar Asset Management has invested 1.67% of its portfolio in Scotts Miracle-Gro Co (NYSE:SMG). State Treasurer State Of Michigan has 18,175 shares for 0.01% of their US portfolio. The New Jersey-based Bessemer has invested 0% in Scotts Miracle-Gro Co (NYSE:SMG). Greenwood Cap Associate Limited Liability Company owns 3,810 shares or 0.08% of their US portfolio. Suntrust Banks has invested 0.01% of its portfolio in Scotts Miracle-Gro Co (NYSE:SMG). Pacific Investment Mgmt Company holds 0.17% or 10,275 shares in its portfolio. Aperio Grp Inc Inc Limited holds 0.01% of its portfolio in Scotts Miracle-Gro Co (NYSE:SMG) for 14,838 shares. Regions Financial Corporation has invested 0.01% of its portfolio in Scotts Miracle-Gro Co (NYSE:SMG). Hsbc Pcl holds 0.01% or 59,476 shares in its portfolio. Dimensional Fund L P holds 0.02% or 401,058 shares in its portfolio. First Personal Financial Svcs reported 70 shares or 0% of all its holdings. Baxter Bros accumulated 4,640 shares or 0.11% of the stock.
Insider Transactions: Since May 12, 2016, the stock had 0 insider buys, and 8 sales for $8.69 million net activity. On Wednesday, August 31 the insider Smith Ivan C sold $115,590. On Wednesday, August 10 KELLY THOMAS N JR sold $411,003 worth of the stock or 5,000 shares. 44,630 shares with value of $2.99 million were sold by HAGEDORN JAMES on Thursday, May 12. On Friday, September 2 HAGEDORN KATHERINE LITTLEFIELD sold $1.24M worth of the stock or 15,050 shares. Coleman Thomas Randal had sold 789 shares worth $65,211. The insider STUMP DENISE sold 4,500 shares worth $367,740. Another trade for 38,924 shares valued at $3.10M was sold by Lukemire Michael C.
More notable recent Scotts Miracle-Gro Co (NYSE:SMG) news were published by: Seekingalpha.com which released: “It’s Just The Beginning For Scotts Miracle-Gro Company” on October 05, 2016, also Fool.com with their article: “Here’s Why The Scotts Miracle-Gro Company Stock Rose 11.5% in August” published on September 09, 2016, Bizjournals.com published: “Scotts Miracle-Gro closes on Botanicare hydroponics acquisition” on October 04, 2016. More interesting news about Scotts Miracle-Gro Co (NYSE:SMG) were released by: Prnewswire.com and their article: “Scotts Miracle-Gro Launches “The Connected Yard” At SXSW” published on March 11, 2016 as well as Forbes.com‘s news article titled: “Cannabis Capitalist: Scotts Miracle-Gro CEO Bets Big On Pot Growers” with publication date: July 06, 2016.
SMG Company Profile
The Scotts Miracle-Gro Company (Scotts Miracle-Gro), incorporated on November 22, 2004, is a maker and marketer of branded consumer lawn and garden products. The Company’s divisions include Global Consumer. In North America, its brands include Scotts and Turf Builder lawn and grass seed products; Miracle-Gro, Nature’s Care, Scotts, LiquaFeed and Osmocote gardening and landscape products; and Ortho, Roundup, Home Defense and Tomcat branded insect control, weed control and rodent control products. In the United Kingdom, its brands include Miracle-Gro plant fertilizers; Roundup, Weedol and Pathclear herbicides; EverGreen lawn fertilizers, and Levington gardening and landscape products.
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