The stock of Scotts Miracle-Gro Co (NYSE:SMG) hit a new 52-week high and has $119.88 target or 40.00% above today’s $85.63 share price. The 9 months bullish chart indicates low risk for the $5.30 billion company. The 1-year high was reported on Oct, 13 by Barchart.com. If the $119.88 price target is reached, the company will be worth $2.12B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 327,706 shares traded hands or 1.65% up from the average. Scotts Miracle-Gro Co (NYSE:SMG) has risen 17.12% since March 10, 2016 and is uptrending. It has outperformed by 9.60% 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 2016 Q2. Its up 0.02, from 1.29 in 2016Q1. The ratio is positive, 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.
Connable Office Inc has 0.1% invested in the company for 4,939 shares. Principal Fin Group Inc Incorporated last reported 0.02% of its portfolio in the stock. Zurcher Kantonalbank (Zurich Cantonalbank) has 0.01% invested in the company for 6,838 shares. Parametric Port Assocs Limited Com accumulated 0.01% or 87,661 shares. Da Davidson And Co reported 1,608 shares or 0% of all its holdings. Gamco Invsts Et Al accumulated 89,500 shares or 0.04% of the stock. Arbor Cap Limited Co holds 36,650 shares or 1.35% of its portfolio. California Pub Employees Retirement Systems, a California-based fund reported 127,900 shares. Nicholas Prtn Limited Partnership holds 0.2% or 40,804 shares in its portfolio. Coldstream Cap Inc holds 0.31% of its portfolio in Scotts Miracle-Gro Co (NYSE:SMG) for 24,869 shares. House Lc, a California-based fund reported 224,426 shares. Highvista Strategies Limited holds 0.25% of its portfolio in Scotts Miracle-Gro Co (NYSE:SMG) for 18,700 shares. Pacific Invest Management Commerce accumulated 10,275 shares or 0.17% of the stock. Aqr Cap Mgmt Limited Liability holds 112,655 shares or 0.01% of its portfolio. Horizon Kinetics Limited has invested 0.01% of its portfolio in Scotts Miracle-Gro Co (NYSE:SMG).
Insider Transactions: Since May 12, 2016, the stock had 0 insider purchases, and 8 selling transactions for $8.69 million net activity. $367,740 worth of Scotts Miracle-Gro Co (NYSE:SMG) was sold by STUMP DENISE. Another trade for 38,924 shares valued at $3.10 million was made by Lukemire Michael C on Friday, August 5. KELLY THOMAS N JR had sold 5,000 shares worth $411,003 on Wednesday, August 10. 44,630 shares were sold by HAGEDORN JAMES, worth $2.99M on Thursday, May 12. HAGEDORN KATHERINE LITTLEFIELD had sold 15,050 shares worth $1.24M on Friday, September 2. Another trade for 789 shares valued at $65,211 was made by Coleman Thomas Randal on Thursday, October 6. $115,590 worth of Scotts Miracle-Gro Co (NYSE:SMG) was sold by Smith Ivan C.
More notable recent Scotts Miracle-Gro Co (NYSE:SMG) news were published by: Fool.com which released: “Here’s Why The Scotts Miracle-Gro Company Stock Rose 11.5% in August” on September 09, 2016, also Seekingalpha.com with their article: “It’s Just The Beginning For Scotts Miracle-Gro Company” published on October 05, 2016, Prnewswire.com published: “Scotts Miracle-Gro Launches “The Connected Yard” At SXSW” on March 11, 2016. More interesting news about Scotts Miracle-Gro Co (NYSE:SMG) were released by: Bizjournals.com and their article: “Scotts Miracle-Gro closes on Botanicare hydroponics acquisition” published on October 04, 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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