Is Scotts Miracle-Gro Company (NYSE: SMG) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility.

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Stocks Info

SMG belongs to the Basic Materials sector of the NYSE while operating in the Agricultural Inputs industry. The current market capitalization of Scotts Miracle-Gro Company is $3.91B. A total of 0.78 million shares were traded on the day, compared to an average of 917.61K shares.

In the most recent transaction, Baxter Nathan Eric sold 2,988 shares of SMG for 70.93 per share on Aug 21 ’24. After the transaction, the EVP and COO now owns 37,920 company shares. In a previous transaction on Aug 22 ’24, Baxter Nathan Eric sold 928 shares at 70.57 per share. SMG shares that EVP and COO owns now total 36,993.

Among the insiders who sold shares, Hagedorn Partnership, L.P. disposed of 85,130 shares on Aug 21 ’24 at a per-share price of $70.93. This resulted in the 10% Owner holding 13,608,238 shares of SMG after the transaction. In another insider transaction, Hagedorn Partnership, L.P. sold 26,464 shares at $70.57 per share on Aug 22 ’24. Company shares held by the 10% Owner now total 13,581,774.

Dividend

Paying dividends generates immediate cash flow for investors and indicates a positive outlook for the company. SMG’s most recent ex-dividend date was 8/23/2024 when it declared a $0.66 quarterly dividend that was paid in cash on 9/6/2024. Previously, the company paid the dividend on 6/7/2024 with an ex-dividend date of 5/23/2024. The SMG stock dividend was $0.66 per share in cash.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. In terms of 52-week highs and lows, SMG has a high of $82.11 and a low of $43.67.

Balance Sheet Annually/Quarterly

An organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using this information. SMG’s latest balance sheet shows that the firm has $244.10M in Cash & Short Term Investments as of fiscal 2021. There were $2.60B in debt and $1.14B in liabilities at the time. Its Book Value Per Share was -$2.57, while its Total Shareholder’s Equity was $1.01B.

Analysts Opinion

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for SMG is Buy with a score of 3.86.

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