Raymond James downgrades Scotts Miracle-Gro Company (SMG) to a Hold
TipRanks (Mon, 25-Mar 4:55 AM ET)
Hawthorne and BFG Supply Forge Strategic Distribution Partnership
Globe Newswire (Wed, 20-Mar 5:00 PM ET)
The Scotts Miracle-Gro Foundation Welcomes its Fourth Class of Students to The Legacy Project
Globe Newswire (Thu, 7-Mar 11:31 AM ET)
Globe Newswire (Tue, 27-Feb 4:00 PM ET)
ScottsMiracle-Gro Reports First Quarter Results
Globe Newswire (Wed, 7-Feb 7:00 AM ET)
Globe Newswire (Mon, 5-Feb 2:22 PM ET)
ScottsMiracle-Gro Announces Retirement of Nancy Mistretta from Board of Directors
Globe Newswire (Tue, 30-Jan 4:00 PM ET)
ScottsMiracle-Gro Announces Timing of First Quarter 2024 Financial Results and Webcast
Globe Newswire (Mon, 29-Jan 4:00 PM ET)
The Scotts Miracle-Gro Company Announces Quarterly Dividend Payment
Globe Newswire (Mon, 22-Jan 4:00 PM ET)
Scotts Miracle-Gro is the largest provider of gardening and lawncare products in the United States. The majority of the company's sales are to large retailers that include Home Depot, Lowe's, and Walmart. Scotts Miracle-Gro can sell its products at a higher price point than its competition because of a well-recognized portfolio of brands that include Miracle-Gro, Roundup, Ortho, Tomcat, and Scotts. Scotts is also the leading supplier of cannabis-growing equipment in North America through its Hawthorne business.
Scotts Miracle Gro trades on the NYSE stock market under the symbol SMG.
As of March 28, 2024, SMG stock price climbed to $74.56 with 71,592 million shares trading.
SMG has a beta of 2.35, meaning it tends to be more sensitive to market movements. SMG has a correlation of 0.32 to the broad based SPY ETF.
SMG has a market cap of $4.23 billion. This is considered a Mid Cap stock.
Last quarter Scotts Miracle Gro reported $410 million in Revenue and -$1.45 earnings per share. This fell short of revenue expectation by $-2 million and exceeded earnings estimates by $.08.
In the last 3 years, SMG stock traded as high as $254.34 and as low as $39.06.
The top ETF exchange traded funds that SMG belongs to (by Net Assets): IJH, VTI, COWZ, VB, VBR.
SMG stock has underperformed the market in the last year with a return of +13.1%, while SPY returned +33.7%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in SMG shares. However, SMG has outperformed the market in the last 3 month and 2 week periods, returning +14.8% and +12.2%, while SPY returned +10.2% and +1.7%, respectively. This indicates SMG has been having a stronger performance recently.
SMG support price is $71.66 and resistance is $75.56 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that SMG stock will trade within this expected range on the day.