Fintel reports that on December 9, 2024, Jefferies initiated coverage of Scotts Miracle-Gro (NYSE:SMG) with a Hold recommendation.
Analyst Price Forecast Suggests 6.32% Upside
As of December 3, 2024, the average one-year price target for Scotts Miracle-Gro is $80.24/share. The forecasts range from a low of $70.70 to a high of $89.25. The average price target represents an increase of 6.32% from its latest reported closing price of $75.47 / share.
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The projected annual revenue for Scotts Miracle-Gro is 4,415MM, an increase of 24.27%. The projected annual non-GAAP EPS is 5.57.
What is the Fund Sentiment?
There are 803 funds or institutions reporting positions in Scotts Miracle-Gro. This is an increase of 47 owner(s) or 6.22% in the last quarter. Average portfolio weight of all funds dedicated to SMG is 0.14%, an increase of 10.27%. Total shares owned by institutions increased in the last three months by 4.31% to 54,105K shares. 
The put/call ratio of SMG is 0.89, indicating a bullish outlook.
What are Other Shareholders Doing?
Kayne Anderson Rudnick Investment Management holds 5,269K shares representing 9.18% ownership of the company. In its prior filing, the firm reported owning 5,202K shares , representing an increase of 1.28%. The firm increased its portfolio allocation in SMG by 22.07% over the last quarter.
Pacer Advisors holds 3,173K shares representing 5.53% ownership of the company. In its prior filing, the firm reported owning 2,863K shares , representing an increase of 9.75%. The firm increased its portfolio allocation in SMG by 37.72% over the last quarter.
Earnest Partners holds 3,154K shares representing 5.49% ownership of the company. In its prior filing, the firm reported owning 3,156K shares , representing a decrease of 0.05%. The firm increased its portfolio allocation in SMG by 24.05% over the last quarter.
COWZ - Pacer US Cash Cows 100 ETF holds 2,878K shares representing 5.01% ownership of the company. In its prior filing, the firm reported owning 1,167K shares , representing an increase of 59.46%. The firm increased its portfolio allocation in SMG by 155.52% over the last quarter.
TRMCX - T. Rowe Price Mid-Cap Value Fund holds 1,531K shares representing 2.67% ownership of the company. In its prior filing, the firm reported owning 1,535K shares , representing a decrease of 0.26%. The firm decreased its portfolio allocation in SMG by 9.84% over the last quarter.
Scotts Miracle-Gro Background Information
(This description is provided by the company.)
With approximately $4.1 billion in sales, the Company is one of the world's largest marketers of branded consumer products for lawn and garden care. The Company's brands are among the most recognized in the industry. The Company's Scotts®, Miracle-Gro® and Ortho® brands are market-leading in their categories. The Company's wholly-owned subsidiary, The Hawthorne Gardening Company, is a leading provider of nutrients, lighting and other materials used in the indoor and hydroponic growing segment.
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