Zacks Research Issues Negative Forecast for SMG Earnings

The Scotts Miracle-Gro Company (NYSE:SMG) – Equities research analysts at Zacks Research reduced their Q3 2026 earnings estimates for shares of Scotts Miracle-Gro in a report released on Tuesday, November 26th. Zacks Research analyst S. Rathi now forecasts that the basic materials company will post earnings of $2.10 per share for the quarter, down from their previous forecast of $2.27. The consensus estimate for Scotts Miracle-Gro’s current full-year earnings is $3.36 per share. Zacks Research also issued estimates for Scotts Miracle-Gro’s FY2026 earnings at $3.90 EPS and FY2027 earnings at $2.96 EPS.

Several other equities research analysts have also recently commented on SMG. Wells Fargo & Company cut their price target on shares of Scotts Miracle-Gro from $95.00 to $85.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Truist Financial cut their price target on shares of Scotts Miracle-Gro from $90.00 to $70.00 and set a “hold” rating on the stock in a research report on Friday, November 8th. JPMorgan Chase & Co. cut their price target on shares of Scotts Miracle-Gro from $85.00 to $80.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Stifel Nicolaus upped their target price on shares of Scotts Miracle-Gro from $75.00 to $81.00 and gave the company a “hold” rating in a report on Monday, November 4th. Finally, UBS Group dropped their target price on shares of Scotts Miracle-Gro from $90.00 to $77.00 and set a “neutral” rating on the stock in a report on Thursday, November 7th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $78.60.

Scotts Miracle-Gro Price Performance

Shares of NYSE:SMG opened at $75.77 on Thursday. The company’s 50-day moving average price is $82.49 and its two-hundred day moving average price is $73.08. Scotts Miracle-Gro has a one year low of $53.43 and a one year high of $93.90. The stock has a market capitalization of $4.31 billion, a PE ratio of -109.81 and a beta of 1.76.

Scotts Miracle-Gro Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, December 6th. Stockholders of record on Friday, November 22nd will be issued a $0.66 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $2.64 dividend on an annualized basis and a dividend yield of 3.48%. Scotts Miracle-Gro’s payout ratio is -382.61%.

Institutional Investors Weigh In On Scotts Miracle-Gro

Institutional investors and hedge funds have recently modified their holdings of the company. Tidal Investments LLC grew its stake in Scotts Miracle-Gro by 279.0% in the 1st quarter. Tidal Investments LLC now owns 31,275 shares of the basic materials company’s stock valued at $2,333,000 after buying an additional 23,023 shares during the last quarter. Comerica Bank grew its stake in Scotts Miracle-Gro by 58.7% in the 1st quarter. Comerica Bank now owns 77,183 shares of the basic materials company’s stock valued at $5,757,000 after buying an additional 28,557 shares during the last quarter. LRI Investments LLC acquired a new position in Scotts Miracle-Gro in the 1st quarter valued at about $123,000. Atria Investments Inc grew its stake in Scotts Miracle-Gro by 22.9% in the 1st quarter. Atria Investments Inc now owns 38,820 shares of the basic materials company’s stock valued at $2,896,000 after buying an additional 7,231 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in Scotts Miracle-Gro by 974.4% in the 1st quarter. Cetera Investment Advisers now owns 41,987 shares of the basic materials company’s stock valued at $3,132,000 after buying an additional 38,079 shares during the last quarter. 74.07% of the stock is owned by institutional investors.

About Scotts Miracle-Gro

The Scotts Miracle-Gro Company, together with its subsidiaries, manufactures, markets, and sells products for lawn, garden care, and indoor and hydroponic gardening in the United States and internationally. It operates through three segments: U.S. Consumer, Hawthorne, and Other. The company provides lawn care products, comprising lawn fertilizers, grass seed products, spreaders, and other durable products, as well as lawn-related weed, pest, and disease control products; and gardening and landscape products, which include water-soluble and continuous-release plant foods, potting mixes, garden soils, mulches and ground cover products, plant-related pest and disease control products, organic garden products, and live goods and seeding solutions.