GrowGenerationGRWG
GRWG
About: GrowGeneration Corp owns and operates specialty retail hydroponic and organic gardening stores. The firm is a marketer and distributor of nutrients, growing media, advanced indoor and greenhouse lighting, ventilation systems and accessories for hydroponic gardening. The Company has two reportable segments, including Cultivation and Gardening segment, composed of the Company's hydroponic and organic gardening business; and the Storage Solutions segment, composed of the Company's benching, racking, and storage solutions business.
Employees: 425
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
346% more call options, than puts
Call options by funds: $1.24M | Put options by funds: $279K
0.11% less ownership
Funds ownership: 40.85% [Q2] → 40.74% (-0.11%) [Q3]
4% less capital invested
Capital invested by funds: $53.3M [Q2] → $51.2M (-$2.16M) [Q3]
10% less first-time investments, than exits
New positions opened: 19 | Existing positions closed: 21
2% less funds holding
Funds holding: 120 [Q2] → 118 (-2) [Q3]
15% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 33
Research analyst outlook
We haven’t received any recent analyst ratings for GRWG.
Financial journalist opinion
Positive
MarijuanaStocks
4 days ago
Top Ancillary Cannabis Stocks to Watch Before 2025
The US cannabis industry continues to expand, with sales projected to reach $41 billion by 2025, according to recent data. Ancillary cannabis companies, which provide essential products and services to growers and retailers, remain key players in this growth. These businesses benefit from industry expansion without directly handling the plant, reducing regulatory risks. Recent headlines highlight ongoing federal legalization discussions, signaling potential reforms to drive future demand. This week offers investors a prime opportunity to monitor top ancillary cannabis stocks as the market evolves.
Positive
MarijuanaStocks
4 weeks ago
Top Marijuana Stocks For Better Market Action
The cannabis industry continues to grow and shows why people should be finding ways to invest. Now marijuana stocks for some time have been one of the tougher sectors to pull consistent profits from. There is a lack of continuous momentum and when there is it is often due to politics on cannabis reform. Other factors that help the sector build better momentum is when companies report strong earnings. When people can see that a company is thriving it entices them to invest looking further into marijuana stocks.
Neutral
Business Wire
1 month ago
GrowGeneration Unveils New Product Lines Across Its Proprietary Brands Portfolio
DENVER--(BUSINESS WIRE)--GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGen” or the “Company”), one of the largest retailers and distributors of specialty hydroponic and organic gardening products in the United States, today announced the launch of three new premium product lines across its portfolio of proprietary brands, in product categories including grow lighting, essential accessories and medium for indoor growing and greenhouse hydroponics. In line with GrowGen's stated objective for propriet.
Positive
Seeking Alpha
1 month ago
I Like GrowGeneration As A Cannabis Stock
GrowGeneration stock is a Strong Buy due to positive same-store sales and insider buying, despite revenue decline and increased operating loss. Analysts are cautious, projecting flat or declining revenue, but management's stock purchases show confidence. Valuation is attractive, with GRWG trading below tangible book value and potential upside if adjusted EBITDA improves.
Negative
Zacks Investment Research
1 month ago
GrowGeneration Earnings Miss Estimates in Q3, Revenues Dip Y/Y
GRWG expects revenues between $190 million and $195 million for 2024.
Neutral
Benzinga
1 month ago
Customer Retention Drives GrowGeneration's Q3 Results: Sales Up, Revenue Down
GrowGeneration Corp. GRWG, a major U.S. retailer of hydroponic and organic gardening products, reported its Q3 2024 financial results Tuesday afternoon with a mixed performance. Net sales declined 10.2% year-over-year, totaling $50 million, down from $55.7 million in the same quarter of 2023.
Neutral
Seeking Alpha
1 month ago
GrowGeneration Corp. (GRWG) Q3 2024 Earnings Call Transcript
GrowGeneration Corp. (NASDAQ:GRWG ) Q3 2024 Earnings Conference Call November 12, 2024 4:30 PM ET Company Participants Philip Carlson - Managing Director, KCSA Strategic Communications Darren Lampert - Chief Executive Officer & Co-Founder Greg Sanders - Chief Financial Officer Conference Call Participants Brian Nagel - Oppenheimer Aaron Grey - Alliance Global Partners Mark Smith - Lake Street Capital Markets Operator Hello, everyone, and welcome to GrowGeneration's Third Quarter 2024 Earnings Conference Call. My name is Lovely [ph] and I will be your operator for today's call.
Negative
Zacks Investment Research
1 month ago
GrowGeneration (GRWG) Reports Q3 Loss, Tops Revenue Estimates
GrowGeneration (GRWG) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to loss of $0.12 per share a year ago.
Neutral
Business Wire
1 month ago
GrowGeneration Reports Third Quarter 2024 Financial Results
DENVER--(BUSINESS WIRE)--GrowGeneration Corp. (NASDAQ: GRWG) (“GrowGeneration,” “GrowGen,” or the “Company”), one of the largest retailers and distributors of specialty hydroponic and organic gardening products in the United States, today announced financial results for the third quarter ended September 30, 2024. Third Quarter 2024 Summary Net sales decreased 10.2% year over year to $50.0 million for the third quarter 2024, due to 25 less retail locations; Positive same-store sales of 12.5% in.
Positive
MarijuanaStocks
1 month ago
Top Picks for Ancillary Cannabis Stocks During the Marijuana Market Downturn
As the cannabis market faces recent fluctuations, ancillary cannabis stocks present a unique opportunity for investors. Ancillary companies, which supply essential tools and services to growers and retailers, often show resilience during market downturns. The US cannabis industry continues its growth trajectory, valued at over $13 billion in 2023, with projections suggesting it will reach $40 billion by 2030. However, Amendment 3's failure in Florida has recently sparked a pullback. This setback has stalled expansion in one of the country's largest potential cannabis markets. Despite this, federal legalization talks persist, with recent headlines hinting at possible reform that could boost investor confidence.
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