Could Scotts Miracle-Gro Co Rise Even More? The Stock Had Bullish Options Activity

 Could Scotts Miracle Gro Co Rise Even More? The Stock Had Bullish Options Activity

In today’s session Scotts Miracle-Gro Co (SMG) registered an unusually high (242) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the December, 2016 call, expecting serious SMG increase. With 242 contracts traded and 11524 open interest for the Dec, 16 contract, it seems this is a quite bullish bet. The option with symbol: SMG161216C00095000 closed last at: $0.8 or 5.9% down. About 217,386 shares traded hands. Scotts Miracle-Gro Co (NYSE:SMG) has risen 26.06% since April 8, 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. The company was upgraded on Thursday, August 4 by JP Morgan. The firm earned “Neutral” rating on Tuesday, March 22 by JP Morgan. Gabelli initiated Scotts Miracle-Gro Co (NYSE:SMG) 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 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.
Ensemble Limited Liability Com has 0.22% invested in the company for 10,720 shares. M&T Savings Bank has 40,901 shares for 0.02% of their US portfolio. Texas Permanent School Fund has 0.03% invested in the company for 34,643 shares. Advantus Cap holds 5,487 shares or 0.01% of its portfolio. The Louisiana-based Louisiana State Employees Retirement System has invested 0.04% in Scotts Miracle-Gro Co (NYSE:SMG). Moreover, Price T Rowe Assoc Inc Md has 0.02% invested in Scotts Miracle-Gro Co (NYSE:SMG) for 1.09 million shares. Moreover, Shelton Management has 0.03% invested in Scotts Miracle-Gro Co (NYSE:SMG) for 4,332 shares. Parkside Comml Bank Trust last reported 128 shares in the company. Polar Asset Mgmt Incorporated has 0.36% invested in the company for 127,702 shares. Fifth Third Savings Bank has 13,840 shares for 0.01% of their US portfolio. Arbor Cap Mgmt Ltd Co owns 36,650 shares or 1.35% of their US portfolio. Nationwide Fund holds 0.04% or 124,452 shares in its portfolio. Walleye Trading Lc last reported 0% of its portfolio in the stock. Bnp Paribas Arbitrage Sa last reported 19,804 shares in the company. Ladenburg Thalmann Financial Serv last reported 0% of its portfolio in the stock.

Insider Transactions: Since May 12, 2016, the stock had 0 insider buys, and 7 insider sales for $5.71 million net activity. STUMP DENISE sold 4,500 shares worth $367,740. The insider Lukemire Michael C sold $3.10M. On Wednesday, August 10 the insider KELLY THOMAS N JR sold $411,003. 4,927 shares were sold by Coleman Thomas Randal, worth $406,527 on Tuesday, August 16. HAGEDORN KATHERINE LITTLEFIELD sold $1.24 million worth of stock or 15,050 shares. 1,394 shares were sold by Smith Ivan C, worth $115,590. The insider HAGEDORN JAMES sold $2.99 million.

The Scotts Miracle-Gro Company is a maker and marketer of branded consumer lawn and garden products. The company has a market cap of $5.46 billion. The Company’s divisions include Global Consumer. It has a 21.72 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 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.

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