ScottsMiracle-GroSMG
Market Cap: $3.85B
About: Scotts Miracle-Gro is the largest provider of gardening and lawncare products in the United States. The majority of the company's sales are to large retailers that include Home Depot, Lowe's, and Walmart. Scotts Miracle-Gro can sell its products at a higher price point than its competition because of a well-recognized portfolio of brands that include Miracle-Gro, Roundup, Ortho, Tomcat, and Scotts. Scotts is also the leading supplier of cannabis-growing equipment in North America through its Hawthorne business.
Employees: 5,500
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
56% more call options, than puts
Call options by funds: $58.7M | Put options by funds: $37.6M
21% more first-time investments, than exits
New positions opened: 70 | Existing positions closed: 58
19% more repeat investments, than reductions
Existing positions increased: 163 | Existing positions reduced: 137
3% more funds holding
Funds holding: 424 [Q1] → 436 (+12) [Q2]
1.27% more ownership
Funds ownership: 79.52% [Q1] → 80.79% (+1.27%) [Q2]
11% less capital invested
Capital invested by funds: $3.36B [Q1] → $2.99B (-$376M) [Q2]
100% less funds holding in top 10
Funds holding in top 10: 2 [Q1] → 0 (-2) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Stifel W. Andrew Carter 75% 1-year accuracy 6 / 8 met price target | 11%upside $75 | Hold Maintained | 2 Aug 2024 |
Wells Fargo Chris Carey 52% 1-year accuracy 12 / 23 met price target | 25%upside $85 | Overweight Maintained | 1 Aug 2024 |
Wells Fargo Chris Carey 52% 1-year accuracy 12 / 23 met price target | 11%upside $75 | Overweight Maintained | 10 Jul 2024 |
Financial journalist opinion
Based on 8 articles about SMG published over the past 30 days