The stock of Scotts Miracle-Gro Co (NYSE:SMG) reached all time high today, Nov, 3 and still has $130.16 target or 46.00% above today’s $89.15 share price. This indicates more upside for the $5.37 billion company. This technical setup was reported by Barchart.com. If the $130.16 PT is reached, the company will be worth $2.47 billion 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 882,003 shares traded hands or 113.11% up from the average. Scotts Miracle-Gro Co (NYSE:SMG) has risen 19.02% since April 1, 2016 and is uptrending. It has outperformed by 17.81% the S&P500.
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. The stock of Scotts Miracle-Gro Co (NYSE:SMG) earned “Neutral” rating by JP Morgan on Tuesday, March 22. The firm has “Overweight” rating given on Thursday, August 4 by JP Morgan. 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 increased to 1.31 in 2016 Q2. Its up 0.02, from 1.29 in 2016Q1. The ratio increased, 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.
Tudor Et Al has invested 0% of its portfolio in Scotts Miracle-Gro Co (NYSE:SMG). Parkwood Limited Liability Company last reported 6,951 shares in the company. Manufacturers Life Ins The has 61,604 shares for 0.01% of their US portfolio. Vanguard Gru Inc accumulated 0.02% or 3.47M shares. State Treasurer State Of Michigan holds 0.01% of its portfolio in Scotts Miracle-Gro Co (NYSE:SMG) for 18,175 shares. Century Cap Management Limited Liability Com accumulated 61,703 shares or 0.48% of the stock. Amer International Group holds 0% of its portfolio in Scotts Miracle-Gro Co (NYSE:SMG) for 87,405 shares. American Century accumulated 591,762 shares or 0.05% of the stock. Raymond James And Associate last reported 0% of its portfolio in the stock. Suntrust Banks reported 18,507 shares or 0.01% of all its holdings. First Tru Advsr Ltd Partnership last reported 0.03% of its portfolio in the stock. Ameritas Invest Prtnrs Inc, a Nebraska-based fund reported 7,772 shares. Mutual Of America Capital Mngmt Ltd Liability Corporation holds 0.05% or 34,151 shares in its portfolio. Bahl & Gaynor holds 0.01% of its portfolio in Scotts Miracle-Gro Co (NYSE:SMG) for 16,485 shares. Tt holds 1.04% or 44,226 shares in its portfolio.
Insider Transactions: Since May 12, 2016, the stock had 0 insider buys, and 8 selling transactions for $8.69 million net activity. 789 shares were sold by Coleman Thomas Randal, worth $65,211 on Thursday, October 6. HAGEDORN KATHERINE LITTLEFIELD sold $1.24 million worth of stock or 15,050 shares. Another trade for 4,500 shares valued at $367,740 was sold by STUMP DENISE. Shares for $411,003 were sold by KELLY THOMAS N JR. $115,590 worth of Scotts Miracle-Gro Co (NYSE:SMG) shares were sold by Smith Ivan C. On Friday, August 5 Lukemire Michael C sold $3.10M worth of the stock or 38,924 shares. $2.99 million worth of Scotts Miracle-Gro Co (NYSE:SMG) was sold by HAGEDORN JAMES on Thursday, May 12.
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, Seekingalpha.com published: “It’s Just The Beginning For Scotts Miracle-Gro Company” on October 05, 2016. More interesting news about Scotts Miracle-Gro Co (NYSE:SMG) were released by: Forbes.com and their article: “Cannabis Capitalist: Scotts Miracle-Gro CEO Bets Big On Pot Growers” published on July 06, 2016 as well as Prnewswire.com‘s news article titled: “Scotts Miracle-Gro Adopts ProcessMAP to Optimize Environmental, Health and …” with publication date: July 13, 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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