After Today’s Bullish Options Activity, Is Scotts Miracle-Gro Co’s Near-Term Analysis Positive?

 After Today's Bullish Options Activity, Is Scotts Miracle Gro Co's Near Term Analysis Positive?

In today’s session Scotts Miracle-Gro Co (SMG) registered an unusually high (1,233) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the March, 2017 call, expecting serious SMG increase. With 1,233 contracts traded and 224 open interest for the Mar, 17 contract, it seems this is a quite bullish bet. The option with symbol: SMG170317C00095000 closed last at: $1.85 or 19.4% up. About 160,781 shares traded hands. Scotts Miracle-Gro Co (NYSE:SMG) has risen 16.80% since March 14, 2016 and is uptrending. It has outperformed by 11.19% 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 improved, 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.
The New York-based Morgan Stanley has invested 0.01% in Scotts Miracle-Gro Co (NYSE:SMG). Hillsdale Invest, a Ontario – Canada-based fund reported 35 shares. Bessemer Grp holds 0% or 93 shares in its portfolio. Great West Life Assurance Can accumulated 0% or 16,139 shares. Nuveen Asset Lc owns 17,575 shares or 0.01% of their US portfolio. Prudential Public Limited Com has 1.19 million shares for 0.33% of their US portfolio. Oakbrook Ltd Liability Corp owns 4,550 shares or 0.02% of their US portfolio. Lpl Ltd Llc holds 14,189 shares or 0.01% of its portfolio. Hightower Advsrs Ltd Limited Liability Company last reported 12,687 shares in the company. Pacad Invest has 0.01% invested in the company for 600 shares. Greenwood Cap Limited Liability Com owns 3,810 shares or 0.08% of their US portfolio. Appleton Prns Ma reported 16,008 shares or 0.23% of all its holdings. Citadel Lc reported 15,282 shares or 0% of all its holdings. Bahl & Gaynor has 16,485 shares for 0.01% of their US portfolio. Qs Invsts Ltd Limited Liability Company holds 0% or 5 shares in its portfolio.

Insider Transactions: Since May 12, 2016, the stock had 0 buys, and 8 sales for $8.69 million net activity. Shares for $406,527 were sold by Coleman Thomas Randal. On Friday, September 2 HAGEDORN KATHERINE LITTLEFIELD sold $1.24M worth of the stock or 15,050 shares. The insider STUMP DENISE sold $367,740. KELLY THOMAS N JR had sold 5,000 shares worth $411,003. Smith Ivan C sold $115,590 worth of stock or 1,394 shares. $3.10 million worth of Scotts Miracle-Gro Co (NYSE:SMG) was sold by Lukemire Michael C. $2.99M worth of shares were sold by HAGEDORN JAMES on Thursday, May 12.

The Scotts Miracle-Gro Company is a maker and marketer of branded consumer lawn and garden products. The company has a market cap of $5.23 billion. The Company’s divisions include Global Consumer. It has a 21.33 P/E ratio. 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.

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.

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.

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