ScottsMiracle-Gro
About: Scotts Miracle-Gro is the largest purveyor of home lawn and gardening products in the us. The business consists of three reporting segments: us consumer, Hawthorne, and other. The us consumer segment consists of a broad range of lawncare products, including grass seed, fertilizer, and lawn-related weed, animal, and disease control. us consumer typically generates the vast majority of companywide revenue and profits. Hawthorne sells indoor gardening and hydroponic equipment, particularly to the cannabis growing industry, while the other segment primarily consists of lawn and gardening products sold in Canada. Its lawncare and gardening products are well-recognized brands in the us, including Scotts, Miracle-Gro, Roundup, Ortho, and Tomcat.
Employees: 5,300
0
Funds holding %
of 6,823 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
55% more first-time investments, than exits
New positions opened: 76 | Existing positions closed: 49
25% more capital invested
Capital invested by funds: $3.05B [Q2] → $3.8B (+$749M) [Q3]
4% more funds holding
Funds holding: 439 [Q2] → 458 (+19) [Q3]
5% more call options, than puts
Call options by funds: $93.3M | Put options by funds: $88.6M
4.83% less ownership
Funds ownership: 82.44% [Q2] → 77.61% (-4.83%) [Q3]
17% less repeat investments, than reductions
Existing positions increased: 140 | Existing positions reduced: 168
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$70
0%
upside
Avg. target
$76
8%
upside
High target
$81
15%
upside
6 analyst ratings
2 positive
33%
4 neutral
67%
0 negative
0%
UBS Peter Grom 41% 1-year accuracy 9 / 22 met price target | 3%upside $72 | Neutral Maintained | 16 Jan 2025 |
Wells Fargo Chris Carey 40% 1-year accuracy 17 / 43 met price target | 14%upside $80 | Overweight Maintained | 7 Jan 2025 |
Jefferies Jonathan Matuszewski 40% 1-year accuracy 2 / 5 met price target | 3%upside $72 | Hold Initiated | 9 Dec 2024 |
Truist Securities Bill Chappell 37% 1-year accuracy 11 / 30 met price target | 0%downside $70 | Hold Maintained | 8 Nov 2024 |
JP Morgan Jeffrey Zekauskas 36% 1-year accuracy 16 / 44 met price target | 14%upside $80 | Overweight Maintained | 7 Nov 2024 |
Financial journalist opinion
Based on 4 articles about SMG published over the past 30 days
Neutral
MarijuanaStocks
2 days ago
2 Marijuana Stocks For Your Watchlist This Week
The cannabis industry specifically in the USA is still facing an uphill battle. There are many parts to this battle the main focus being better laws and regulations. Right now Florida is fighting for recreational cannabis along with the last several states soon to vote on cannabis legislation and decriminalizing the plant. The growth and acceptance of legal cannabis have come a long way.
Neutral
GlobeNewsWire
4 days ago
The Scotts Miracle-Gro Foundation Welcomes Applications for KidsGardening's 2025 GroMoreGood Grassroots Grant
To connect more children to gardens, The Scotts Miracle-Gro Foundation opened its 2025 GroMoreGood Grassroots Grant with national nonprofit KidsGardening.
Neutral
GlobeNewsWire
5 days ago
ScottsMiracle-Gro Announces Timing of First Quarter 2025 Financial Results and Webcast
MARYSVILLE, Ohio, Jan. 15, 2025 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the world's leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, will release its first quarter financial results on Wednesday, January 29, 2025, prior to the opening of the U.S. financial markets. The Company will host a video presentation via webcast at 9:00 a.m. ET to discuss those results. The webcast will be followed by an audio question-and-answer session.
Positive
MarijuanaStocks
1 week ago
How Federal Legalization Could Boost Ancillary Cannabis Stocks in 2025
The cannabis industry continues to grow in prominence as legalization efforts expand across the United States. Ancillary cannabis companies, which support the sector without directly touching the plant, are becoming pivotal in driving this growth. These companies often manufacture essential products like lighting, irrigation systems, and other equipment critical for cannabis cultivation. In 2025, they stand at the forefront of a transformative era, fueled by advancing legislation and innovative technology.
Positive
MarijuanaStocks
1 month 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
1 month 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.
Negative
Zacks Investment Research
2 months ago
Scotts Miracle-Gro's Q4 Earnings Miss Estimates, Sales Beat
The rise in Q4 sales is due to higher sales in SMG's U.S. Consumer segment.
Positive
MarijuanaStocks
2 months 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.
Neutral
Seeking Alpha
2 months ago
The Scotts Miracle-Gro Company (SMG) Q4 2024 Earnings Call Transcript
Start Time: 09:00 January 1, 0000 10:32 AM ET The Scotts Miracle-Gro Company (NYSE:SMG ) Q4 2024 Earnings Call November 06, 2024, 09:00 AM ET Company Participants Jim Hagedorn - Chairman, President and CEO Matt Garth - EVP, CFO and CAO Nate Baxter - EVP and COO Chris Hagedorn - EVP and Division President, Hawthorne Gardening Company Aimee DeLuca - SVP, IR Conference Call Participants Jon Andersen - William Blair Joe Altobello - Raymond James William Carter - Stifel Peter Grom - UBS Chris Carey - Wells Fargo Securities Eric Bouchard - Cleveland Research William Reuter - Bank of America Carla Casella - JPMorgan Aimee DeLuca Good morning. Welcome to Scotts Miracle-Gro's Fiscal '24 Year-End Earnings Webcast.
Neutral
Zacks Investment Research
2 months ago
Scotts (SMG) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates
While the top- and bottom-line numbers for Scotts (SMG) give a sense of how the business performed in the quarter ended September 2024, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
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