William Blair Has Bullish Forecast for SMG FY2025 Earnings

The Scotts Miracle-Gro Company (NYSE:SMG) – William Blair lifted their FY2025 EPS estimates for Scotts Miracle-Gro in a research report issued on Wednesday, November 6th. William Blair analyst J. Andersen now anticipates that the basic materials company will earn $3.30 per share for the year, up from their previous estimate of $3.25. The consensus estimate for Scotts Miracle-Gro’s current full-year earnings is $3.57 per share. William Blair also issued estimates for Scotts Miracle-Gro’s FY2026 earnings at $3.75 EPS.

Several other equities analysts have also weighed in on SMG. UBS Group reduced their price objective on Scotts Miracle-Gro from $90.00 to $77.00 and set a “neutral” rating for the company in a report on Thursday, November 7th. Wells Fargo & Company cut their target price on shares of Scotts Miracle-Gro from $95.00 to $85.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Stifel Nicolaus upped their price target on shares of Scotts Miracle-Gro from $75.00 to $81.00 and gave the company a “hold” rating in a research note on Monday, November 4th. JPMorgan Chase & Co. lowered their target price on shares of Scotts Miracle-Gro from $85.00 to $80.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. Finally, Truist Financial dropped their price objective on Scotts Miracle-Gro from $90.00 to $70.00 and set a “hold” rating on the stock in a report on Friday. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $78.60.

Scotts Miracle-Gro Stock Up 2.4 %

SMG opened at $74.37 on Monday. Scotts Miracle-Gro has a twelve month low of $48.84 and a twelve month high of $93.90. The company’s 50-day moving average price is $80.94 and its two-hundred day moving average price is $72.53. The stock has a market cap of $4.23 billion, a price-to-earnings ratio of -107.78 and a beta of 1.76.

Scotts Miracle-Gro Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a $0.66 dividend. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date of this dividend is Friday, November 22nd. Scotts Miracle-Gro’s payout ratio is currently -382.61%.

Insider Activity

In other Scotts Miracle-Gro news, COO Nathan Eric Baxter sold 2,988 shares of Scotts Miracle-Gro stock in a transaction that occurred on Wednesday, August 21st. The shares were sold at an average price of $70.93, for a total transaction of $211,938.84. Following the transaction, the chief operating officer now directly owns 37,920 shares of the company’s stock, valued at approximately $2,689,665.60. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, major shareholder Hagedorn Partnership, L.P. sold 85,130 shares of the stock in a transaction dated Wednesday, August 21st. The stock was sold at an average price of $70.93, for a total transaction of $6,038,270.90. Following the completion of the sale, the insider now directly owns 13,608,238 shares in the company, valued at $965,232,321.34. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, COO Nathan Eric Baxter sold 2,988 shares of Scotts Miracle-Gro stock in a transaction that occurred on Wednesday, August 21st. The stock was sold at an average price of $70.93, for a total value of $211,938.84. Following the completion of the transaction, the chief operating officer now directly owns 37,920 shares in the company, valued at $2,689,665.60. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 26.46% of the company’s stock.

Institutional Investors Weigh In On Scotts Miracle-Gro

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SMG. BNP Paribas Financial Markets raised its stake in shares of Scotts Miracle-Gro by 72.6% during the first quarter. BNP Paribas Financial Markets now owns 42,928 shares of the basic materials company’s stock valued at $3,202,000 after acquiring an additional 18,060 shares during the last quarter. Texas Permanent School Fund Corp grew its position in shares of Scotts Miracle-Gro by 2.4% in the 1st quarter. Texas Permanent School Fund Corp now owns 36,647 shares of the basic materials company’s stock worth $2,734,000 after buying an additional 866 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of Scotts Miracle-Gro by 9.4% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 15,041 shares of the basic materials company’s stock valued at $1,122,000 after acquiring an additional 1,289 shares in the last quarter. Swiss National Bank lifted its stake in Scotts Miracle-Gro by 1.1% in the first quarter. Swiss National Bank now owns 83,900 shares of the basic materials company’s stock worth $6,258,000 after acquiring an additional 900 shares during the period. Finally, Atomi Financial Group Inc. bought a new stake in Scotts Miracle-Gro in the first quarter valued at $267,000. 74.07% of the stock is currently owned by institutional investors.

Scotts Miracle-Gro Company Profile

The Scotts Miracle-Gro Company, together with its subsidiaries, manufactures, markets, and sells products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. It operates through three segments: U.S. Consumer, Hawthorne, and Other. The company provides lawn care products, comprising lawn fertilizers, grass seed products, spreaders, and other durable products, as well as lawn-related weed, pest, and disease control products; and gardening and landscape products, which include water-soluble and continuous-release plant foods, potting mixes, garden soils, mulches and ground cover products, plant-related pest and disease control products, organic garden products, and live goods and seeding solutions.