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Why did Scotts Miracle-Gro stock drop?

Why did Scotts Miracle-Gro stock drop?

U.S. consumer sales for 2022 are now expected to decline by 4% to 6%. Shares of Scotts Miracle-Gro fell 8% on Wednesday after the maker of lawn and garden care products lowered its 2022 guidance for both profit and sales.

Is SMG stock a buy?

The consensus among 7 Wall Street analysts covering (NYSE: SMG) stock is to Strong Buy SMG stock.

Is Scotts Miracle-Gro stock a buy?

According to data from MarketBeat.com, Scotts Miracle-Gro presently has a consensus rating of “Buy” and an average price target of $147.33.

How much is Miracle-Gro stock today?

$89.88
Stock Quote (U.S.: NYSE) | MarketWatch….$ 89.70.

Close Chg Chg %
$89.88 -2.33 -2.53%

Will Scotts Miracle-Gro stock go up?

Stock Price Forecast The 8 analysts offering 12-month price forecasts for Scotts Miracle-Gro Co have a median target of 112.50, with a high estimate of 125.00 and a low estimate of 85.00. The median estimate represents a +22.02% increase from the last price of 92.20.

Is Miracle Grow a good stock?

It’s the cornerstone of any successful dividend growth stock. Free cash flow was $164 million in the 2021 fiscal year. It’s expected to be lower in the 2020 fiscal year. Note that this is not due to bad management which fails to turn higher sales into higher cash generation, but based on strategic investments.

Is SMG overvalued?

PB vs Industry: SMG is overvalued based on its Price-To-Book Ratio (5.3x) compared to the US Chemicals industry average (2.4x).

How do I buy Scotts Miracle-Gro stock?

How to buy shares in The Scotts Miracle-Gro Company

  1. Compare share trading platforms. Use our comparison table to help you find a platform that fits you.
  2. Open your brokerage account.
  3. Confirm your payment details.
  4. Research the stock.
  5. Purchase now or later.
  6. Check in on your investment.

Where is Miracle Gro manufactured?

The Scotts Miracle-Gro Company is an American multinational corporation headquartered in Marysville, Ohio, where O.M. Scott began selling lawn seed in 1868. The company manufactures and sells consumer lawn, garden and pest control products….Scotts Miracle-Gro Company.

Type Public
Founder Orlando Scott
Headquarters Marysville, Ohio, U.S.

Is Scotts a good stock to buy?

Currently, Scotts Miracle-Gro Co’s price-earnings ratio is 12.6. Scotts Miracle-Gro Co’s trailing 12-month revenue is $4.6 billion with a 8.8% profit margin. Year-over-year quarterly sales growth most recently was -8.2%. Analysts expect adjusted earnings to reach $7.146 per share for the current fiscal year.

Where is Miracle-Gro manufactured?

Is Scotts a good stock?

Scotts Miracle-Gro Co’s trailing 12-month revenue is $4.6 billion with a 8.8% profit margin. Year-over-year quarterly sales growth most recently was -8.2%. Analysts expect adjusted earnings to reach $7.146 per share for the current fiscal year. Scotts Miracle-Gro Co currently has a 2.9% dividend yield.

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