Stock Worth Watching: Can Scotts Miracle-Gro Co’s Tomorrow be Different? The Stock Just Broke Its High

Stock Worth Watching: Can Scotts Miracle Gro Co's Tomorrow be Different? The Stock Just Broke Its High

The stock of Scotts Miracle-Gro Co (NYSE:SMG) hit a new 52-week high and has $96.22 target or 5.00% above today’s $91.64 share price. The 6 months bullish chart indicates low risk for the $5.54 billion company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $96.22 price target is reached, the company will be worth $277.00 million 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 313,880 shares traded hands. Scotts Miracle-Gro Co (NYSE:SMG) has risen 25.60% since April 26, 2016 and is uptrending. It has outperformed by 20.34% the S&P500.

Analysts await Scotts Miracle-Gro Co (NYSE:SMG) to report earnings on February, 7. They expect $-1.26 earnings per share, down 11.50% or $0.13 from last year’s $-1.13 per share. After $-0.30 actual earnings per share reported by Scotts Miracle-Gro Co for the previous quarter, Wall Street now forecasts 320.00% negative EPS growth.

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) has “Overweight” rating given on Thursday, August 4 by JP Morgan. As per Tuesday, March 22, the company rating was downgraded by JP Morgan. The rating was initiated by Gabelli with “Buy” on Thursday, October 20.

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 decreased to 0.89 in 2016 Q2. Its down 0.42, from 1.31 in 2016Q1. The ratio turned negative, 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.
Allianz Asset Mngmt Ag reported 71,047 shares or 0% of all its holdings. Investment House Ltd has invested 2.51% of its portfolio in Scotts Miracle-Gro Co (NYSE:SMG). Susquehanna Intll Group Ltd Liability Partnership holds 0% of its portfolio in Scotts Miracle-Gro Co (NYSE:SMG) for 59,411 shares. Advsr Asset Mgmt, a Colorado-based fund reported 10,890 shares. Moreover, Landscape Management Limited Liability Com has 0.48% invested in Scotts Miracle-Gro Co (NYSE:SMG) for 51,503 shares. Capstone Asset Mngmt Communications holds 0.01% or 5,159 shares in its portfolio. Creative Planning accumulated 0% or 864 shares. Wells Fargo Mn, a California-based fund reported 504,767 shares. Blackrock Advsrs Limited Liability Co holds 0% of its portfolio in Scotts Miracle-Gro Co (NYSE:SMG) for 25,257 shares. The Massachusetts-based Aureus Asset Management Ltd Com has invested 0.06% in Scotts Miracle-Gro Co (NYSE:SMG). The United Kingdom-based Hsbc Hldgs Pcl has invested 0.01% in Scotts Miracle-Gro Co (NYSE:SMG). Moreover, Horizon Kinetics Ltd Liability Com has 0.01% invested in Scotts Miracle-Gro Co (NYSE:SMG) for 6,341 shares. Connable Office Incorporated has invested 0.1% of its portfolio in Scotts Miracle-Gro Co (NYSE:SMG). Gemmer Asset Mgmt Ltd Liability Corporation accumulated 0% or 117 shares. The Pennsylvania-based Valley Natl Advisers has invested 0% in Scotts Miracle-Gro Co (NYSE:SMG).

Insider Transactions: Since August 1, 2016, the stock had 0 insider purchases, and 7 insider sales for $5.71 million net activity. Shares for $3.10M were sold by Lukemire Michael C on Friday, August 5. $115,590 worth of shares were sold by Smith Ivan C on Wednesday, August 31. KELLY THOMAS N JR sold 5,000 shares worth $411,003. HAGEDORN KATHERINE LITTLEFIELD sold $1.24M worth of stock. Coleman Thomas Randal sold $406,527 worth of stock or 4,927 shares. Shares for $367,740 were sold by STUMP DENISE on Monday, August 1.

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, Wsj.com published: “Scotts Miracle-Gro to Remove Certain Insecticides from Ortho Products” on April 12, 2016. More interesting news about Scotts Miracle-Gro Co (NYSE:SMG) were released by: Seekingalpha.com and their article: “It’s Just The Beginning For Scotts Miracle-Gro Company” published on October 05, 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.

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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