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Saturday, December 9, 2023

It’s Not Over Yet For Scotts Miracle-Gro Company (NYSE: SMG)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Scotts Miracle-Gro Company (SMG) shows that investor sentiment remained same, with the stock’s consolidated last price to $53.00. The Scotts Miracle-Gro Company has recorded 21,527 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that ScottsMiracle-Gro Announces Fiscal 2023 Full-Year Results.

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Stocks Info

Scotts Miracle-Gro Company is listed on the NYSE as a member of the Basic Materials sector and is a part of the Agricultural Inputs industry. At the end of the last regular session, the stock closed at $53.00 and fluctuated between $54.16 as its day high and $52.70 as its day low. The current market capitalization of Scotts Miracle-Gro Company is $2.98B. A total of 0.82 million shares were traded on the day, compared to an average of 771.89K shares.

Insider Activity

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, SMG has seen 17 BUY and 4 SELL insider trades, representing the acquisition of 32,102 and the disposition of 77,931 shares. Over the last 12 months, there were 96 BUYs and 41 SELLs from insiders. Insiders purchased 106,269 shares during that period but sold 801,326.

In the most recent transaction, HAGEDORN JAMES sold 16,432 shares of SMG for 54.32 per share on Nov 03. After the transaction, the Chairman, CEO and President now owns 44,656 company shares. In a previous transaction on Nov 02, HAGEDORN JAMES sold 64,260 shares at 52.69 per share. SMG shares that Chairman, CEO and President owns now total 61,088.

Among the insiders who sold shares, Hagedorn Partnership, L.P. disposed of 23,685 shares on Aug 21 at a per-share price of $49.64. This resulted in the 10% Owner holding 13,970,295 shares of SMG after the transaction. In another insider transaction, Hagedorn Partnership, L.P. sold 47,795 shares at $49.86 per share on Aug 18. Company shares held by the 10% Owner now total 13,993,980.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. SMG’s most recent ex-dividend date was 11/24/2023 when it declared a $0.66 quarterly dividend that was paid in cash on 12/8/2023. Previously, the company paid the dividend on 9/8/2023 with an ex-dividend date of 8/24/2023. The SMG stock dividend was $0.66 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for SMG in the last 3 months, the mean price target is $62.71 with high estimates of $70.00 and low estimates of $49.00. In terms of 52-week highs and lows, SMG has a high of $88.61 and a low of $43.67.

As of this writing, SMG has an earnings estimate of -$2.89 per share for the current quarter. EPS was calculated based on a consensus of 8 estimates, with a high estimate of -$2.52 per share and a lower estimate of -$3.03. The company reported an EPS of $3.78 in the last quarter, which was 9.20% higher than expectations of $3.46.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. SMG’s latest balance sheet shows that the firm has $244.10M in Cash & Short Term Investments as of fiscal 2021. There were $2.29B in debt and $1.14B in liabilities at the time. Its Book Value Per Share was $2.40, while its Total Shareholder’s Equity was $1.01B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SMG is Buy with a score of 4.25.

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