The stock of Scotts Miracle-Gro Company (NYSE:SMG) last traded at $67.29, up 0.57% from the previous session.
SMG stock price is now -10.06% away from the 50-day moving average and -7.13% away from the 200-day moving average. The market capitalization of the company currently stands at $3.87B.
With the price target of $72, Jefferies recently initiated with Hold rating for Scotts Miracle-Gro Company (NYSE: SMG). On April 05, 2024, Truist Downgraded its previous ‘Buy’ rating to ‘Hold’ on the stock increasing its target price from $65 to quote $75, while ‘Raymond James’ rates the stock as ‘Mkt Perform’
In other news, Hagedorn Partnership, L.P., 10% Owner sold 108,550 shares of the company’s stock on Dec 09 ’24. The stock was sold for $8,100,354 at an average price of $74.62. Upon completion of the transaction, the 10% Owner now directly owns 13,444,724 shares in the company, valued at $904.7 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Dec 09 ’24, 10% Owner HAGEDORN ROBERT sold 108,550 shares of the business’s stock. A total of $8,100,354 was realized by selling the stock at an average price of $74.62. This leaves the insider owning 13,444,724 shares of the company worth $904.7 million. A total of 24.34% of the company’s stock is owned by insiders.
During the past 12 months, Scotts Miracle-Gro Company has had a low of $53.43 and a high of $93.90. The fifty day moving average price for SMG is $74.816 and a two-hundred day moving average price translates $72.4551 for the stock.
The latest earnings results from Scotts Miracle-Gro Company (NYSE: SMG) was released for 2024-09-30. The company reported revenue of $414.7 million for the quarter, compared to $374.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.73 percent. For the current quarter, analysts expect SMG to generate $392.04M in revenue.
