Today’s Stock On Watch: Is Buying Scotts Miracle-Gro Co Here a Winning Strategy?

Today's Stock On Watch: Is Buying Scotts Miracle Gro Co Here a Winning Strategy?

The stock of Scotts Miracle-Gro Co (NYSE:SMG) hit a new 52-week high and has $147.16 target or 62.00% above today’s $90.84 share price. The 5 months bullish chart indicates low risk for the $5.54 billion company. The 1-year high was reported on Nov, 9 by Barchart.com. If the $147.16 price target is reached, the company will be worth $3.43B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 990,198 shares traded hands or 88.92% up from the average. Scotts Miracle-Gro Co (NYSE:SMG) has risen 25.19% since April 7, 2016 and is uptrending. It has outperformed by 20.41% 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. As per Tuesday, March 22, the company rating was downgraded by JP Morgan. The firm earned “Buy” rating on Thursday, October 20 by Gabelli. The firm has “Overweight” rating given on Thursday, August 4 by JP Morgan.

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 is positive, 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.
Fifth Third Bank holds 0.01% of its portfolio in Scotts Miracle-Gro Co (NYSE:SMG) for 13,840 shares. Credit Agricole S A holds 0.03% or 107,322 shares in its portfolio. Amer Century Companies accumulated 0.05% or 591,762 shares. The Florida-based State Board Of Administration Of Florida Retirement Sys has invested 0.01% in Scotts Miracle-Gro Co (NYSE:SMG). The Michigan-based Ls Invest Ltd Liability Com has invested 0.01% in Scotts Miracle-Gro Co (NYSE:SMG). First Mercantile Tru holds 0.04% or 4,085 shares in its portfolio. Alliancebernstein Lp owns 68,396 shares or 0% of their US portfolio. Connable Office reported 4,939 shares or 0.1% of all its holdings. Quantbot Technology Lp holds 0.01% or 698 shares in its portfolio. Profund Ltd Liability Co reported 10,794 shares or 0.04% of all its holdings. Hightower Lc last reported 0.01% of its portfolio in the stock. Nicholas Investment Partners L P reported 40,804 shares or 0.2% of all its holdings. Fmr Ltd Liability accumulated 0% or 512,137 shares. Shelton Cap holds 0.03% of its portfolio in Scotts Miracle-Gro Co (NYSE:SMG) for 4,332 shares. Dimensional Fund Lp has 401,058 shares for 0.02% of their US portfolio.

Insider Transactions: Since May 12, 2016, the stock had 0 insider buys, and 7 insider sales for $5.71 million net activity. 38,924 shares with value of $3.10 million were sold by Lukemire Michael C on Friday, August 5. 44,630 shares were sold by HAGEDORN JAMES, worth $2.99M. $411,003 worth of Scotts Miracle-Gro Co (NYSE:SMG) was sold by KELLY THOMAS N JR on Wednesday, August 10. HAGEDORN KATHERINE LITTLEFIELD sold 15,050 shares worth $1.24M. Shares for $115,590 were sold by Smith Ivan C on Wednesday, August 31. On Tuesday, August 16 the insider Coleman Thomas Randal sold $406,527. 4,500 shares were sold by STUMP DENISE, worth $367,740.

More important 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 Prnewswire.com published article titled: “Scotts Miracle-Gro Launches “The Connected Yard” At SXSW”, 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) was released by: Seekingalpha.com and their article: “Scotts Miracle-Gro: Smoke And Mirrors?” with publication date: October 19, 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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