ScottsMiracle-Gro (SMG)

• Market cap: $3.91B
• 1 day: -1.96%
• 5 days: -5.03%
• 1 month: 1.29%
• 3 months: -8.24%
• 6 months: -3.37%
• Year to date: 3.74%
• 1 year: 23.65%
• 5 years: -44.60%
• 10 years: 2.60%
• Sector: Materials
• Industry: Agricultural Chemicals

About: Scotts Miracle-Gro is the largest purveyor of home lawn and gardening products in the us. The business consists of three reporting segments: us consumer, Hawthorne, and other. The us consumer segment consists of a broad range of lawncare products, including grass seed, fertilizer, and lawn-related weed, animal, and disease control. us consumer typically generates the vast majority of companywide revenue and profits. Hawthorne sells indoor gardening and hydroponic equipment, particularly to the cannabis growing industry, while the other segment primarily consists of lawn and gardening products sold in Canada. Its lawncare and gardening products are well-recognized brands in the us, including Scotts, Miracle-Gro, Roundup, Ortho, and Tomcat.

Employees: 5,300

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

55% more first-time investments, than exits

New positions opened: 76 | Existing positions closed: 49

25% more capital invested

Capital invested by funds: $3.05B [Q2] → $3.8B (+$749M) [Q3]

4% more funds holding

Funds holding: 439 [Q2] → 458 (+19) [Q3]

5% more call options, than puts

Call options by funds: $93.3M | Put options by funds: $88.6M

4.83% less ownership

Funds ownership: 82.44% [Q2] → 77.61% (-4.83%) [Q3]

17% less repeat investments, than reductions

Existing positions increased: 140 | Existing positions reduced: 168

Research analyst outlook

5 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $70 3% upside
• Avg. target: $75 10% upside
• High target: $80 17% upside

5 analyst ratings

• positive: 2 40%
• neutral: 3 60%
• negative: 0 0%

UBS Peter Grom 24% 1-year accuracy 5 / 21 met price target	6% upside $72	Neutral Maintained	16 Jan 2025
Wells Fargo Chris Carey 42% 1-year accuracy 18 / 43 met price target	17% upside $80	Overweight Maintained	7 Jan 2025
Jefferies Jonathan Matuszewski 40% 1-year accuracy 2 / 5 met price target	6% upside $72	Hold Initiated	9 Dec 2024
Truist Securities Bill Chappell 38% 1-year accuracy 11 / 29 met price target	3% upside $70	Hold Maintained	8 Nov 2024
JP Morgan Jeffrey Zekauskas 43% 1-year accuracy 19 / 44 met price target	17% upside $80	Overweight Maintained	7 Nov 2024