Scotts Miracle-gro Co (NYSE:SMG) Q2 2018 Sentiment Report

October 2, 2018 - By olga

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Sentiment for Scotts Miracle-gro Co (NYSE:SMG)

Scotts Miracle-gro Co (NYSE:SMG) institutional sentiment decreased to 0.98 in 2018 Q2. Its down -0.21, from 1.19 in 2018Q1. The ratio turned negative, as 134 funds opened new or increased equity positions, while 137 sold and reduced their positions in Scotts Miracle-gro Co. The funds in our partner’s database now possess: 34.76 million shares, down from 35.26 million shares in 2018Q1. Also, the number of funds holding Scotts Miracle-gro Co in their top 10 equity positions increased from 3 to 4 for an increase of 1. Sold All: 28 Reduced: 109 Increased: 87 New Position: 47.

The Scotts Miracle-Gro Company manufactures, markets, and sells consumer lawn and garden products worldwide. The company has market cap of $4.39 billion. The Company’s Lawn Care segment offers lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products. It has a 25.79 P/E ratio. The companyÂ’s Gardening and Landscape segment provides water soluble and continuous-release plant foods, potting mixes and garden soils, mulch and decorative groundcover products, plant-related pest and disease control products, organic garden products, live goods and seeding solutions, and hydroponic gardening products.

The stock increased 0.51% or $0.4 during the last trading session, reaching $79.24. About 57,700 shares traded. The Scotts Miracle-Gro Company (NYSE:SMG) has declined 17.81% since October 2, 2017 and is downtrending. It has underperformed by 33.43% the S&P500.

Analysts await The Scotts Miracle-Gro Company (NYSE:SMG) to report earnings on November, 6. They expect $-0.61 EPS, down 134.62 % or $0.35 from last year’s $-0.26 per share. After $2.67 actual EPS reported by The Scotts Miracle-Gro Company for the previous quarter, Wall Street now forecasts -122.85 % negative EPS growth.

Schulhoff & Co Inc holds 2.54% of its portfolio in The Scotts Miracle-Gro Company for 51,446 shares. Wellington Shields & Co. Llc owns 58,025 shares or 2.5% of their US portfolio. Moreover, Investment House Llc has 2.18% invested in the company for 226,205 shares. The New York-based Bridger Management Llc has invested 1.66% in the stock. Boyar Asset Management Inc., a New York-based fund reported 26,694 shares.

Since January 1, 0001, it had 1 buy, and 10 sales for $28.08 million activity.

The Scotts Miracle-Gro Company (NYSE:SMG) Ratings Coverage

Ratings analysis reveals 20% of Scotts Miracle-Gro Company’s analysts are positive. Out of 5 Wall Street analysts rating Scotts Miracle-Gro Company, 1 give it “Buy”, 4 “Sell” rating, while 0 recommend “Hold”. The lowest target is $70 while the high is $8000. The stock’s average target of $74 is -6.61% below today’s ($79.24) share price. SMG was included in 10 notes of analysts from April 18, 2018. The company was downgraded on Wednesday, June 20 by Raymond James. JP Morgan maintained the shares of SMG in report on Friday, August 24 with “Underweight” rating. The company was upgraded on Tuesday, May 15 by SunTrust. The firm has “Sell” rating by Bank of America given on Wednesday, June 13. The firm earned “Sell” rating on Friday, June 1 by J.P. Morgan. The rating was maintained by Bank of America on Tuesday, July 17 with “Underperform”. The rating was downgraded by Bank of America on Wednesday, May 2 to “Underperform”. The stock has “Underweight” rating by JP Morgan on Friday, June 1. Bank of America maintained The Scotts Miracle-Gro Company (NYSE:SMG) on Wednesday, August 1 with “Underperform” rating.

More notable recent The Scotts Miracle-Gro Company (NYSE:SMG) news were published by: Fool.com which released: “3 Marijuana Stocks to Buy in October” on September 30, 2018, also Fool.com with their article: “Better Buy: Scotts Miracle-Gro Company vs. Innovative Industrial Properties Inc” published on September 28, 2018, Fool.com published: “The Marijuana Stock That Wall Street Likes the Most” on September 09, 2018. More interesting news about The Scotts Miracle-Gro Company (NYSE:SMG) were released by: Fool.com and their article: “Better Buy: Aurora Cannabis Inc vs. Scotts Miracle-Gro Company” published on September 16, 2018 as well as Fool.com‘s news article titled: “Investing in Marijuana Stocks? 8 Ways to Reduce Your Risk” with publication date: October 01, 2018.

The Scotts Miracle-Gro Company (NYSE:SMG) Institutional Positions Chart

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