SMG - The Scotts Miracle-Gro Company

NYSE - NYSE Delayed Price. Currency in USD
102.08
+2.01 (+2.01%)
At close: 4:02PM EDT
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Price Crosses Moving Average

Price Crosses Moving Average

Performance Outlook
  • Short Term
    2W - 6W
  • Mid Term
    6W - 9M
  • Long Term
    9M+
Previous Close100.07
Open102.61
Bid102.36 x 1100
Ask102.04 x 900
Day's Range101.27 - 104.44
52 Week Range76.50 - 125.69
Volume519,737
Avg. Volume510,679
Market Cap5.675B
Beta (5Y Monthly)0.80
PE Ratio (TTM)12.28
EPS (TTM)8.31
Earnings DateMay 05, 2020
Forward Dividend & Yield2.32 (2.32%)
Ex-Dividend DateFeb 23, 2020
1y Target Est120.80
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
Fair Value
XX.XX
Undervalued
25% Est. Return
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    Should You Avoid The Scotts Miracle-Gro Company (SMG)?

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    LOW Stock Is Worth Accumulating Even as More Corrections Loom

    Just before the market correction driven by the coronavirus pandemic, Lowe's Companies (NYSE:LOW) was trading at a high of $126.73. LOW stock subsequently plunged and briefly traded around $60.Source: Helen89 / Shutterstock.com A strong relief rally has followed; driven by the $2 trillion stimulus package that has taken the stock higher. However, I believe that it's too early to assume a market bottom and further correction will be an opportunity to accumulate the stock. This column will discuss the factors that make Lowe's Companies worth considering.It's likely that the unemployment rate in the U.S. will increase to 13% by May 2020. Federal Reserve Bank of St. Louis President James Bullard predicts an unemployment rate of 30% by the second quarter of fiscal year 2020. Therefore, as the lockdown impacts businesses, the real impact will be felt in the coming quarters. This will keep the markets jittery.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHowever, there are optimistic views as well. Michael Levitt, a Nobel laureate, is predicting a quicker coronavirus recovery. Michael Levitt has correctly predicted the end of the outbreak in China and this adds credibility to his views. * 30 Stocks on a Deathwatch Another optimistic view comes from a research by Harvard Business Review. Research shows that, "V-shapes monopolize the empirical landscape of prior shocks from an economic recovery perspective."The overall objective of this discussion is to underscore the following point: There is economic pain ahead and LOW stock can trend lower again. However, renewed growth is likely to be strong and there is no reason to panic. Instead, accumulating quality stocks should be the objective and Lowe's Companies is worth considering. Lowe's Companies Business ImpactLast week, Lowe's CEO Marvin Ellison opined that "As customers are sheltering in place, they're looking at that deferred list of home projects." Further, the company is still hiring for the spring season.This might indicate that there is limited initial impact of the coronavirus driven crisis on the company's revenue. This is a key positive and the management has not withdrawn or revised its earnings forecast.However, Marvin Ellison also pointed to the fact that the company is making special payments to full-time and part-time employees. Even if I assume that revenue is not impacted in an optimistic scenario, the company's margin is likely to be hit.Further, it remains to be seen if the demand from consumers remains at the same level in the coming quarters. If the unemployment rate indeed surges close to 30%, consumer spending will be impacted.It's worth noting that Scotts Miracle-Gro (NYSE:SMG) has guided for Q2 2020 revenue above consensus. The reason is demand for edible gardening, professional growing and pest control.Therefore, there are indications of resilient demand. This can translate into LOW stock outperforming the index. Valuation Perspective and Risk FactorFor FY2020, Low's Companies is expecting earnings per share of $6.45 at the low-end of the guidance range. Considering the current stock price of $86.98, LOW stock is trading at a price-to-earnings ratio of 13.5.The Home Depot (NYSE:HD) is trading at a P/E of 18.6 and Scotts Miracle-Gro is trading at a P/E of 19.6. Therefore, from a valuation perspective, the stock is not expensive. My only concern is renewed broad market correction, which can take the stock lower in the near-term. Gradual accumulation on correction is possibly the best strategy as uncertainty on the extent of slowdown sustains.stOne of the risk factors is that Lowe's Companies and Home Depot have 30% of products sourced from China. The impact of supply chain disruption will be evident in the coming months. Another risk factor is margin compression that I already discussed. It can impact the diluted EPS even if revenue guidance is on-track. My Concluding Views on LOW StockSome analysts are talking about the recent stimulus-driven More From InvestorPlace * 25 Stocks You Should Sell Immediately * 1 Under-the-Radar 5G Stock to Buy Now * This Stock Picker's Latest Video Just Went Viral * The 1 Stock All Retirees Must Own rally as a "dead cat bounce." This can be potentially true and renewed broad market correction will give investors a chance to buy quality stocks at mouth-watering valuations.LOW stock is worth keeping in the investment radar with the company having a decent balance sheet and a robust free cash flow.Once the coronavirus driven economic crisis is over, the stock can deliver robust returns in addition to attractive dividends.Faisal Humayun is a senior research analyst with 12 years of industry experience in the field of credit research, equity research and financial modeling. Faisal has authored over 1,500 stock-specific articles with a focus on the technology, energy and commodities sector. As of this writing, he did not hold a position in any of the aforementioned securities.The post LOW Stock Is Worth Accumulating Even as More Corrections Loom appeared first on InvestorPlace.

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    Scotts Miracle-Gro (SMG) is witnessing a sharp rise in demand in March, which is expected to boost consumer purchases by nearly 25% in the fiscal second quarter.

  • GlobeNewswire

    ScottsMiracle-Gro Announces Preliminary Sales Results for Second Quarter; Strong Product Demand is Driving U.S. Consumer and Hawthorne Segments

    The Scotts Miracle-Gro Company (SMG) today announced preliminary results for its second fiscal quarter and said demand for products in both its U.S. Consumer and Hawthorne segments surged in recent weeks, especially in categories focused on edible gardening, professional growing and pest control. In the U.S. Consumer segment, demand increased sharply in March, resulting in an increase in consumer purchases approaching 25 percent for the second quarter. Bonnie Plants, in which the Company maintains a 25 percent interest, said consumer purchases increased nearly 60 percent in March, with many markets in the southern U.S. up more than 100 percent.

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  • Benzinga

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    Scotts Miracle-Gro Co's (NYSE: SMG) shares have declined by 25% over the month, with concerns around store closures and leverage, according to BofA Securities.The Scotts Miracle-Gro Analyst Christopher Carey maintained a Buy rating for Scotts Miracle-Gro, with a price target of $135.The Scotts Miracle-Gro Thesis To some extent, the recent pullback in Scotts Miracle-Gro's stock was company specific, Carey said. He cited two reasons for Wall Street's concerns.First, prospects of a shutdown in key home and hardware stores, which is a major risk to seasonal lawn and garden products. The analyst pointed out, however, that around 60% of Scotts Miracle-Gro's sales were generated from Home Depot Inc (NYSE: HD), Lowe's Companies, Inc. (NYSE: LOW) and Walmart Inc (NYSE: WMT) and these stores are deemed critical and will remain open.See Also: 7 Cannabis Stocks To Buy, Sell And HoldThe second major concern is around the company's leverage, but Scotts Miracle-Gro has "ample earnings power to cut a turn from leverage and buy back stock, if desired."Carey said the company's fundamental outlook remains intact and may even be better in some segments, while its valuation has taken a big hit amid the broader market sell-off.Weather has been favorable and the growing number of people being housebound is likely to benefit the garden and hydroponic segments, given the rise in cannabis demand, the analyst said.SMG Price Action Shares of Scotts Miracle-Gro had declined by 4% to $85.87 at time of publication Friday.Latest Ratings for SMG DateFirmActionFromTo Mar 2020Raymond JamesUpgradesMarket PerformStrong Buy Feb 2020JP MorganMaintainsNeutral Oct 2019Bank of AmericaUpgradesNeutralBuy View More Analyst Ratings for SMG View the Latest Analyst Ratings See more from Benzinga * Wells Fargo Upgrades Uber, Sees More Compelling Price * Baird Starts Coverage Of CyberArk Software On The Sidelines On Lower Market Spend * PagerDuty Aims For Growth Despite Uncertainty, Analysts Say After Q4 Report(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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    The Scotts Miracle-Gro Company (SMG) today announced the expiration and results of its previously announced registered exchange offer to exchange any and all of its $450,000,000 aggregate principal amount of 4.500% Senior Notes due 2029, which were issued in a private placement on October 22, 2019  (the “Original Notes”), for an equal principal amount of its 4.500% Senior Notes due 2029, which have been registered under the Securities Act of 1933, as amended (the “Exchange Notes”). The exchange offer expired at 11:59 p.m., New York City time, on March 11, 2020. As of that time, $411,093,000 aggregate principal amount, or 91.4%, of the Original Notes had been validly tendered for exchange and not validly withdrawn.

  • GlobeNewswire

    The Scotts Miracle-Gro Company Announces Extension of Exchange Offer for 4.500% Senior Notes due 2029

    The Scotts Miracle-Gro Company (SMG) today announced that it has extended its registered exchange offer to exchange any and all of its $450,000,000 aggregate principal amount of 4.500% Senior Notes due 2029, which were issued in a private placement on October 22, 2019, for an equal principal amount of its 4.500% Senior Notes due 2029, which have been registered under the Securities Act of 1933, as amended. The exchange offer, which had been scheduled to expire at 11:59 p.m., New York City time, on March 4, 2020, will now expire at 11:59 p.m., New York City time, on March 11, 2020, unless further extended by the Company. All other terms, provisions and conditions of the exchange offer will remain in full force and effect.

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    Scott's Miracle-Gro (SMG) isn't an unknown entity; it's been around since 1868, and most of us have bought its potting soil, plant boosters and insecticides, or used the company's services to attend to our lawn needs., notes Mike Cintolo, growth stock expert and editor of Cabot Top Ten Trader.

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