The stock of Scotts Miracle-Gro Co (NYSE:SMG) reached all time high today, Nov, 29 and still has $97.27 target or 6.00% above today’s $91.76 share price. This indicates more upside for the $5.54 billion company. This technical setup was reported by Barchart.com. If the $97.27 PT is reached, the company will be worth $332.40 million 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 397,470 shares traded hands. Scotts Miracle-Gro Co (NYSE:SMG) has risen 25.60% since April 26, 2016 and is uptrending. It has outperformed by 20.34% the S&P500.
Analysts await Scotts Miracle-Gro Co (NYSE:SMG) to report earnings on February, 7. They expect $-1.26 earnings per share, down 11.50% or $0.13 from last year’s $-1.13 per share. After $-0.30 actual earnings per share reported by Scotts Miracle-Gro Co for the previous quarter, Wall Street now forecasts 320.00% negative EPS growth.
Scotts Miracle-Gro Co (NYSE:SMG) Ratings Coverage
Out of 2 analysts covering Scotts Miracle-Gro Company (The) (NYSE:SMG), 2 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Scotts Miracle-Gro Company (The) has been the topic of 3 analyst reports since March 22, 2016 according to StockzIntelligence Inc. On Thursday, August 4 the stock rating was upgraded by JP Morgan to “Overweight”. JP Morgan downgraded Scotts Miracle-Gro Co (NYSE:SMG) rating on Tuesday, March 22. JP Morgan has “Neutral” rating and $70 price target. Gabelli initiated the shares of SMG in a report on Thursday, October 20 with “Buy” rating.
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 decreased to 0.89 in Q2 2016. Its down 0.42, from 1.31 in 2016Q1. The ratio dived, 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.
Victory Capital holds 0.27% of its portfolio in Scotts Miracle-Gro Co (NYSE:SMG) for 963,500 shares. M&T Financial Bank accumulated 40,901 shares or 0.02% of the stock. Td Asset Mgmt holds 0% or 11,500 shares in its portfolio. Us Bancorporation De has 0% invested in the company for 13,306 shares. Moreover, Thompson Davis Company has 0.08% invested in Scotts Miracle-Gro Co (NYSE:SMG) for 695 shares. Regions Financial Corporation, a Alabama-based fund reported 9,630 shares. Cubist Systematic Strategies Ltd Co has 0.01% invested in the company for 2,053 shares. Archford Strategies Lc has 0% invested in the company for 70 shares. Macquarie holds 0.07% or 498,286 shares in its portfolio. Godshalk Welsh Capital Mngmt has 0.58% invested in the company for 7,825 shares. Mycio Wealth Ltd Com holds 44 shares or 0% of its portfolio. Schwab Charles Invest Mgmt, a California-based fund reported 206,653 shares. Nationwide Fund last reported 0.04% of its portfolio in the stock. Rwc Asset Llp owns 71,237 shares or 0.33% of their US portfolio. Moreover, Mutual Of America Mngmt Limited Liability Co has 0.05% invested in Scotts Miracle-Gro Co (NYSE:SMG) for 34,151 shares.
Insider Transactions: Since August 1, 2016, the stock had 0 insider purchases, and 7 insider sales for $5.71 million net activity. Coleman Thomas Randal had sold 789 shares worth $65,211 on Thursday, October 6. STUMP DENISE sold 4,500 shares worth $367,740. The insider HAGEDORN KATHERINE LITTLEFIELD sold 15,050 shares worth $1.24M. On Wednesday, August 10 the insider KELLY THOMAS N JR sold $411,003. $115,590 worth of shares were sold by Smith Ivan C on Wednesday, August 31. Lukemire Michael C sold 38,924 shares worth $3.10 million.
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: “Scotts Miracle-Gro: Smoke And Mirrors?” published on October 19, 2016, Wsj.com published: “Scotts Miracle-Gro to Remove Certain Insecticides from Ortho Products” on April 12, 2016. More interesting news about Scotts Miracle-Gro Co (NYSE:SMG) were released by: Seekingalpha.com and their article: “It’s Just The Beginning For Scotts Miracle-Gro Company” published on October 05, 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.