The Scotts Miracle-Gro Company manufactures, markets, and sells consumer lawn and garden products in the United States and internationally. The company operates through three segments: U.S. Consumer, Hawthorne, and Other. It offers lawn care products, such as lawn fertilizers, grass seed products, spreaders, other durable products, and outdoor cleaners, as well as lawn-related weed, pest, and disease control products. The company also provides gardening and landscape products, including 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, and lives goods and seeding solutions. In addition, it offers hydroponic products that help users to grow plants, flowers, and vegetables using little or no soil; lighting systems and components for use in hydroponic and indoor gardening applications; and insect, rodent, and weed control products for home areas. The company offers its products under the Scotts, Turf Builder, EZ Seed, PatchMaster, Thick'R Lawn, GrubEx, EdgeGuard, Handy Green II, Miracle-Gro, LiquaFeed, Osmocote, Shake ÂN Feed, Hyponex, Earthgro, SuperSoil, Fafard, Nature Scapes, Ortho, Miracle-Gro Performance Organics, Miracle-Gro Organic Choice, Whitney Farms, EcoScraps, Mother Earth, Botanicare, Hydroponics, Vermicrop, Gavita, Agrolux, Can-Filters, Sun System, Gro Pro, Hurricane, AeroGarden, Titan, Tomcat, Ortho Weed B Gon, Roundup, Groundclear, and Alchemist brands. It serves home centers, mass merchandisers, warehouse clubs, large hardware chains, independent hardware stores, nurseries, garden centers, e-commerce platforms, and food and drug stores, as well as indoor gardening and hydroponic distributors, retailers, and growers through a direct sales force, and network of brokers and distributors. The Scotts Miracle-Gro Company was founded in 1868 and is headquartered in Marysville, Ohio.
IPO Year: 1992
Exchange: NYSE
Website: scottsmiraclegro.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/5/2024 | $65.00 → $75.00 | Buy → Hold | Truist |
| 3/25/2024 | Strong Buy → Mkt Perform | Raymond James | |
| 7/13/2023 | $78.00 → $72.00 | Buy → Hold | Stifel |
| 7/11/2023 | $65.00 → $80.00 | Hold → Buy | Truist |
| 5/8/2023 | $80.00 | Neutral → Overweight | JP Morgan |
| 5/1/2023 | $65.00 → $80.00 | Hold → Buy | Stifel |
| 4/26/2023 | $105.00 → $70.00 | Overweight → Equal Weight | Barclays |
| 2/16/2023 | $75.00 → $100.00 | Equal Weight → Overweight | Wells Fargo |
| 2/2/2023 | $50.00 → $70.00 | Hold | Truist |
| 11/8/2022 | $75.00 | Equal Weight → Overweight | Barclays |
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U.S. Consumer fiscal 2024 sales up 6 percent in line with guidance; POS units up 9 percent year-over-yearFull-year GAAP gross margin rate of 23.9 percent; Non-GAAP adjusted gross margin rate up 340 basis points excluding one-time charges of 80 basis points Full-year GAAP loss per share of $0.61; Non-GAAP adjusted EPS of $2.29 including one-time charges of $0.35 per shareCompany exceeds free cash flow target of $1 billion over two years through fiscal 2024; Net leverage at 4.86xNon-GAAP adjusted EBITDA of $510 million at high end of guidance range when excluding $29 million of one-time charges MARYSVILLE, Ohio, Nov. 06, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Compan
MARYSVILLE, Ohio, Nov. 05, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE:SMG), the world's leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, today announced that Rob Candelino has been named to its Board of Directors. Candelino is CEO of PetSafe Brands, the world's leading pet-technology and services company. He also serves on its Board of Directors. Prior to joining PetSafe, Candelino spent 25 years with Unilever in a variety of roles and with increasing responsibilities, the latest of which was CEO of Unilever Thailand and Regional Head of Inland ASEAN. "Rob's diverse background will make him a valuable resource at a
MARYSVILLE, Ohio, Nov. 04, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE:SMG), the world's largest marketer of branded consumer lawn and garden as well as a leader in indoor and hydroponic growing products, announced that its Board of Directors has approved the payment of a cash dividend of $0.66 per share. The dividend is payable on Friday, December 6, 2024, to shareholders of record as of Friday, November 22, 2024. About ScottsMiracle-GroWith approximately $3.6 billion in sales, the Company is the world's largest marketer of branded consumer products for lawn and garden care. The Company's brands are among the most recognized in the industry. The Company's Scotts®, Mirac
MARYSVILLE, Ohio, Oct. 23, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE:SMG), the world's leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, will release its fourth quarter financial results on Wednesday, November 6, 2024, prior to the opening of the U.S. financial markets. The Company will host a video presentation via webcast at 9:00 a.m. ET to discuss those results. The webcast will be followed by an audio question-and-answer session. To watch the Company presentation and listen to the question-and-answer session, please register in advance at this webcast link. For those planning to participate in the question-and-a
FORT MADISON, Iowa, Sept. 12, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company's manufacturing facility in Fort Madison, Iowa, recently celebrated a Total Recordable Incident Rate of zero for 365 days, a new safety record for the plant. Also known as TRIR, this metric measures recordable injuries per 100 full-time workers throughout a one-year period. "2024 was a non-stop production year for us," said Brett Denney, liquid operations director in Fort Madison. "Risk reduction efforts led by our front-line supervisors and line leads helped drive our recordable incident rate to zero. This not only exceeded our 2024 goal, but it also established a new record. It was a collective effor
U.S. Consumer third quarter net sales of $1 billion exceed prior year by 11 percent; Consumer engagement shows strength with unit POS up 10 percent year-to-dateThird quarter GAAP gross margin rate of 29.5 percent improves 1,110 bps over prior year; Non-GAAP adjusted gross margin rate of 29.2 percent improves 790 bpsHawthorne proprietary Signature sales increase 6 percent in Q3Third quarter 2024 GAAP EPS of $2.28; Non-GAAP Adjusted EPS of $2.31 nearly doubles third quarter 2023 non-GAAP result MARYSVILLE, Ohio, July 31, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE:SMG), the world's largest marketer of branded consumer lawn and garden as well as a leader in indoor and hydr
MARYSVILLE, Ohio, July 30, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE:SMG), the world's largest marketer of branded consumer lawn and garden as well as a leader in indoor and hydroponic growing products, announced that its Board of Directors has approved the payment of a cash dividend of $0.66 per share. The dividend is payable on Friday, September 6, 2024, to shareholders of record as of Friday, August 23, 2024. About ScottsMiracle-GroWith approximately $3.6 billion in sales, the Company is the world's largest marketer of branded consumer products for lawn and garden care. The Company's brands are among the most recognized in the industry. The Company's Scotts®, Miracl
MARYSVILLE, Ohio, July 23, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE:SMG), the world's leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, will release its third quarter financial results on Wednesday, July 31, 2024, prior to the opening of the U.S. financial markets. The Company will host a video presentation via webcast at 9:00 a.m. ET to discuss those results. The webcast will be followed by an audio question-and-answer session. To watch the Company presentation and listen to the question-and-answer session, please register in advance at this webcast link. For those planning to participate in the question-and-answe
Outlining three-year plans to achieve an average annual growth rate of 3 percent and a return to historic adjusted gross margin rates above 30 percentIntroducing U.S. Consumer and Hawthorne leadership teams and their midterm strategic and operating prioritiesReaffirming fiscal year 2024 guidance on strength of year-over-year POS unit growth of 10 percent through June MARYSVILLE, Ohio, July 16, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE:SMG), the world's largest marketer of branded consumer lawn and garden as well as a leader in indoor and hydroponic growing products, today is hosting a "Meet the Management" Investor Day at its headquarters and research and development f
Reaffirms two-year free cash flow target of $1 billion, debt paydown of $350 million in fiscal '24 and full-year non-GAAP gross margin improvement of 250 bpsExpects to reduce leverage to below 5 times EBITDA by fiscal year-endProjects non-GAAP adjusted EBITDA in range of $530 to $540 million, an approximate 20-percent improvement over prior yearAnticipates mid single-digit growth in core consumer business versus prior year MARYSVILLE, Ohio, June 06, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE:SMG), the world's leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, today updated its guidance for fiscal year 2024 based on fi
U.S. Consumer fiscal 2024 sales up 6 percent in line with guidance; POS units up 9 percent year-over-yearFull-year GAAP gross margin rate of 23.9 percent; Non-GAAP adjusted gross margin rate up 340 basis points excluding one-time charges of 80 basis points Full-year GAAP loss per share of $0.61; Non-GAAP adjusted EPS of $2.29 including one-time charges of $0.35 per shareCompany exceeds free cash flow target of $1 billion over two years through fiscal 2024; Net leverage at 4.86xNon-GAAP adjusted EBITDA of $510 million at high end of guidance range when excluding $29 million of one-time charges MARYSVILLE, Ohio, Nov. 06, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Compan
MARYSVILLE, Ohio, Nov. 04, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE:SMG), the world's largest marketer of branded consumer lawn and garden as well as a leader in indoor and hydroponic growing products, announced that its Board of Directors has approved the payment of a cash dividend of $0.66 per share. The dividend is payable on Friday, December 6, 2024, to shareholders of record as of Friday, November 22, 2024. About ScottsMiracle-GroWith approximately $3.6 billion in sales, the Company is the world's largest marketer of branded consumer products for lawn and garden care. The Company's brands are among the most recognized in the industry. The Company's Scotts®, Mirac
MARYSVILLE, Ohio, Oct. 23, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE:SMG), the world's leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, will release its fourth quarter financial results on Wednesday, November 6, 2024, prior to the opening of the U.S. financial markets. The Company will host a video presentation via webcast at 9:00 a.m. ET to discuss those results. The webcast will be followed by an audio question-and-answer session. To watch the Company presentation and listen to the question-and-answer session, please register in advance at this webcast link. For those planning to participate in the question-and-a
U.S. Consumer third quarter net sales of $1 billion exceed prior year by 11 percent; Consumer engagement shows strength with unit POS up 10 percent year-to-dateThird quarter GAAP gross margin rate of 29.5 percent improves 1,110 bps over prior year; Non-GAAP adjusted gross margin rate of 29.2 percent improves 790 bpsHawthorne proprietary Signature sales increase 6 percent in Q3Third quarter 2024 GAAP EPS of $2.28; Non-GAAP Adjusted EPS of $2.31 nearly doubles third quarter 2023 non-GAAP result MARYSVILLE, Ohio, July 31, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE:SMG), the world's largest marketer of branded consumer lawn and garden as well as a leader in indoor and hydr
MARYSVILLE, Ohio, July 30, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE:SMG), the world's largest marketer of branded consumer lawn and garden as well as a leader in indoor and hydroponic growing products, announced that its Board of Directors has approved the payment of a cash dividend of $0.66 per share. The dividend is payable on Friday, September 6, 2024, to shareholders of record as of Friday, August 23, 2024. About ScottsMiracle-GroWith approximately $3.6 billion in sales, the Company is the world's largest marketer of branded consumer products for lawn and garden care. The Company's brands are among the most recognized in the industry. The Company's Scotts®, Miracl
MARYSVILLE, Ohio, July 23, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE:SMG), the world's leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, will release its third quarter financial results on Wednesday, July 31, 2024, prior to the opening of the U.S. financial markets. The Company will host a video presentation via webcast at 9:00 a.m. ET to discuss those results. The webcast will be followed by an audio question-and-answer session. To watch the Company presentation and listen to the question-and-answer session, please register in advance at this webcast link. For those planning to participate in the question-and-answe
Outlining three-year plans to achieve an average annual growth rate of 3 percent and a return to historic adjusted gross margin rates above 30 percentIntroducing U.S. Consumer and Hawthorne leadership teams and their midterm strategic and operating prioritiesReaffirming fiscal year 2024 guidance on strength of year-over-year POS unit growth of 10 percent through June MARYSVILLE, Ohio, July 16, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE:SMG), the world's largest marketer of branded consumer lawn and garden as well as a leader in indoor and hydroponic growing products, today is hosting a "Meet the Management" Investor Day at its headquarters and research and development f
Reaffirms two-year free cash flow target of $1 billion, debt paydown of $350 million in fiscal '24 and full-year non-GAAP gross margin improvement of 250 bpsExpects to reduce leverage to below 5 times EBITDA by fiscal year-endProjects non-GAAP adjusted EBITDA in range of $530 to $540 million, an approximate 20-percent improvement over prior yearAnticipates mid single-digit growth in core consumer business versus prior year MARYSVILLE, Ohio, June 06, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE:SMG), the world's leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, today updated its guidance for fiscal year 2024 based on fi
Combined Company's footprint will provide access to Florida, New York, Texas, and Pennsylvania, with significant growth potential and future regulatory catalysts in all four states Combined Company expected to leverage Cansortium's robust operating expertise as well as RIV Capital's ~US$66 million1,2 cash balance, strengthening both its operating and financial position Transaction has the support of ScottsMiracle-Gro, which intends to exchange its existing convertible notes in RIV Capital for a new class of non-voting Exchangeable Shares of Cansortium at closing, eliminating US$175 million3 of debt TAMPA, Fla., May 30, 2024 /PRNewswire/ - Cansortium Inc. (CSE: TIUM.U) (OTCQB: CNTMF) ("Cansor
Combined Company's footprint will provide access to Florida, New York, Texas, and Pennsylvania, with significant growth potential and future regulatory catalysts in all four states Combined Company expected to leverage Cansortium's robust operating expertise as well as RIV Capital's ~US$66 million1,2 cash balance, strengthening both its operating and financial position Transaction has the support of ScottsMiracle-Gro, which intends to exchange its existing convertible notes in RIV Capital for a new class of non-voting Exchangeable Shares of Cansortium at closing, eliminating US$175 million3 of debt TAMPA, Fla., May 30, 2024 (GLOBE NEWSWIRE) -- Cansortium Inc. (C
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- Reuters
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Wells Fargo analyst Chris Carey maintains Scotts Miracle Gro (NYSE:SMG) with a Overweight and lowers the price target from $83 to $75.
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Truist downgraded Scotts Miracle-Gro from Buy to Hold and set a new price target of $75.00 from $65.00 previously
Raymond James downgraded Scotts Miracle-Gro from Strong Buy to Mkt Perform
Stifel downgraded Scotts Miracle-Gro from Buy to Hold and set a new price target of $72.00 from $78.00 previously
Truist upgraded Scotts Miracle-Gro from Hold to Buy and set a new price target of $80.00 from $65.00 previously
JP Morgan upgraded Scotts Miracle-Gro from Neutral to Overweight and set a new price target of $80.00
Stifel upgraded Scotts Miracle-Gro from Hold to Buy and set a new price target of $80.00 from $65.00 previously
Barclays downgraded Scotts Miracle-Gro from Overweight to Equal Weight and set a new price target of $70.00 from $105.00 previously
Wells Fargo upgraded Scotts Miracle-Gro from Equal Weight to Overweight and set a new price target of $100.00 from $75.00 previously
Truist reiterated coverage of Scotts Miracle-Gro with a rating of Hold and set a new price target of $70.00 from $50.00 previously
Barclays upgraded Scotts Miracle-Gro from Equal Weight to Overweight and set a new price target of $75.00
MARYSVILLE, Ohio, Nov. 05, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE:SMG), the world's leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, today announced that Rob Candelino has been named to its Board of Directors. Candelino is CEO of PetSafe Brands, the world's leading pet-technology and services company. He also serves on its Board of Directors. Prior to joining PetSafe, Candelino spent 25 years with Unilever in a variety of roles and with increasing responsibilities, the latest of which was CEO of Unilever Thailand and Regional Head of Inland ASEAN. "Rob's diverse background will make him a valuable resource at a
MARYSVILLE, Ohio, Jan. 30, 2024 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE:SMG), the world's leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, today announced that Nancy Mistretta has retired from its Board of Directors. Mistretta has been a director since 2007 and served on various Board committees, most recently as a member of the Audit Committee and the Compensation and Organization Committee. "Nancy has been a great partner and friend over these many years," said Jim Hagedorn, chairman, CEO and president of ScottsMiracle-Gro. "Her expertise in finance and banking have been invaluable in providing strategic counsel an
MARYSVILLE, Ohio, July 14, 2023 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE:SMG), the world's leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, today announced that Mark D. Kingdon has been named to its Board of Directors. Kingdon has held senior executive positions ranging from president and CEO to founder of companies in the consumer, technology and digital spaces, among others. He has experience in finance, marketing, branding, innovation, business transformation and emerging technologies with a track record of achieving groundbreaking results. "Mark will be a solid contributor to the Board at a critical time in the ev
MARYSVILLE, Ohio, April 10, 2023 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE:SMG), the world's leading marketer of branded consumer lawn and garden as well as indoor and hydroponic growing products, today announced that it anticipates achieving a net leverage ratio comfortably below the credit facility covenant of 6.5 times for its fiscal 2023 second quarter. The Company expects final Q2 net leverage in the range of 6.0, reflecting the disciplined approach to cost control, focus on improved efficiencies and initiatives to engage consumers early in the lawn and garden season are contributing to improvements in its overall financial position. The Company will announce full se
MARYSVILLE, Ohio, June 13, 2022 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE:SMG), one of the world's leading marketers of branded consumer lawn and garden as well as hydroponic and indoor growing products, announced today that The Honorable Brian Sandoval has been named to its Board of Directors. Governor Sandoval served two terms as the 29th Governor of the State of Nevada, having held office from 2011 to 2019. He is currently the President of the University of Nevada, Reno, a position he has held since 2020. "Brian's long-standing commitment to public service makes him a strong addition to our team. His extensive experience on issues related to economic growth, job creatio
MARYSVILLE, Ohio, Aug. 03, 2021 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE:SMG), one of the world's leading marketers of branded consumer lawn and garden as well as hydroponic and indoor growing products, announced that Gerald (Jerry) Volas has been named to its Board of Directors. Mr. Volas served as Chief Executive Officer and a director of TopBuild Corp., a leading installer and distributor of insulation products, between June 2015 and December 2020. "Jerry's extensive operational leadership and experience with a wide-range of financial issues will be a benefit to our Company," said Jim Hagedorn, chairman and chief executive officer. "He is a seasoned professional an
Realignments position the Company for continued growth Business momentum continues as both major segments exceed internal Q1 targets MARYSVILLE, Ohio, Jan. 11, 2021 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG) today announced a series of organizational changes in the areas of finance, supply chain and corporate affairs designed to fully leverage future growth opportunities and drive long-term shareholder value. As part of the realignment, the Company announced Randy Coleman has departed as executive vice president and chief financial officer and that Cory Miller, previously vice president of finance for Hawthorne Gardening Company, has been promoted to senior vice presi
Realignments position the Company for continued growth Business momentum continues as both major segments exceed internal Q1 targets MARYSVILLE, Ohio, Jan. 11, 2021 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG) today announced a series of organizational changes in the areas of finance, supply chain and corporate affairs designed to fully leverage future growth opportunities and drive long-term shareholder value. As part of the realignment, the Company announced Randy Coleman has departed as executive vice president and chief financial officer and that Cory Miller, previously vice president of finance for Hawthorne Gardening Company, has been promoted to senior vice p