Scotts Miracle-Gro (NYSE:SMG) Stock Price Expected to Rise, Wells Fargo & Company Analyst Says

Scotts Miracle-Gro (NYSE:SMG) had its target price increased by research analysts at Wells Fargo & Company from $67.00 to $70.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 9.23% from the company’s previous close.

Several other analysts have also recently commented on SMG. Jefferies Financial Group boosted their price target on Scotts Miracle-Gro from $71.00 to $74.00 and gave the stock a “buy” rating in a research report on Wednesday, November 5th. UBS Group upped their target price on shares of Scotts Miracle-Gro from $61.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, January 14th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Scotts Miracle-Gro in a research report on Wednesday, January 21st. Stifel Nicolaus set a $70.00 price target on shares of Scotts Miracle-Gro and gave the stock a “buy” rating in a research report on Thursday, November 6th. Finally, Wall Street Zen cut shares of Scotts Miracle-Gro from a “buy” rating to a “hold” rating in a research note on Saturday, October 25th. Five analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $71.00.

Scotts Miracle-Gro Stock Down 2.0%

Shares of NYSE SMG opened at $64.09 on Thursday. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 43.60 and a beta of 1.95. The company’s 50-day simple moving average is $59.11 and its 200-day simple moving average is $59.39. Scotts Miracle-Gro has a 52-week low of $45.61 and a 52-week high of $71.78.

Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings results on Wednesday, January 28th. The basic materials company reported ($0.77) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.04) by $0.27. Scotts Miracle-Gro had a net margin of 2.68% and a negative return on equity of 68.59%. The firm had revenue of $354.40 million for the quarter, compared to analyst estimates of $353.25 million. During the same period last year, the company posted ($0.89) EPS. Scotts Miracle-Gro’s quarterly revenue was down 3.3% compared to the same quarter last year. Scotts Miracle-Gro has set its FY 2026 guidance at 4.150-4.35 EPS. Equities research analysts anticipate that Scotts Miracle-Gro will post 3.42 EPS for the current fiscal year.

Institutional Investors Weigh In On Scotts Miracle-Gro

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SMG. Key Capital Management INC acquired a new position in shares of Scotts Miracle-Gro in the 4th quarter valued at $29,000. Covestor Ltd raised its holdings in Scotts Miracle-Gro by 201.1% in the 3rd quarter. Covestor Ltd now owns 527 shares of the basic materials company’s stock valued at $30,000 after buying an additional 352 shares during the period. Caitong International Asset Management Co. Ltd purchased a new stake in Scotts Miracle-Gro in the 3rd quarter valued at about $32,000. Hantz Financial Services Inc. lifted its position in Scotts Miracle-Gro by 157.3% in the third quarter. Hantz Financial Services Inc. now owns 584 shares of the basic materials company’s stock valued at $33,000 after buying an additional 357 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Scotts Miracle-Gro by 156.7% during the third quarter. Smartleaf Asset Management LLC now owns 634 shares of the basic materials company’s stock worth $35,000 after buying an additional 387 shares during the period. Institutional investors and hedge funds own 74.07% of the company’s stock.

Key Stories Impacting Scotts Miracle-Gro

Here are the key news stories impacting Scotts Miracle-Gro this week:

• Positive Sentiment: Company announced a $500M share repurchase program, set targets to grow sales and EBITDA by $1B each through 2030 and will divest Hawthorne as it exits cannabis — a clearer strategic pivot and capital-return plan that supports long-term cash returns and margin improvement. Scotts Miracle-Gro outlines $1B targets & $500M buyback
• Positive Sentiment: Q1 results beat adjusted EPS and revenue estimates (adjusted loss narrower than expected; sales modestly above forecasts), and management reaffirmed fiscal 2026 outlook — supports near-term operational stability. Q1 beat and outlook reaffirmed
• Positive Sentiment: Wells Fargo raised its price target to $70 and moved to an Overweight rating — a bullish analyst signal that implies upside to consensus. Wells Fargo raises PT to $70
• Neutral Sentiment: UBS nudged its target to $66 but kept a Neutral rating, highlighting continued pressure in consumer staples — suggests cautious tone despite modest valuation support. UBS revises outlook, keeps Neutral
• Neutral Sentiment: Company expanded equity incentive plans after shareholder approval — helps retain management/employee alignment but dilutive potential should be monitored. Equity incentive expansion
• Negative Sentiment: Q1 showed a wider GAAP loss (cannabis-related exit charges) and revenue was down year?over?year ~3.3% — near-term profitability and headline EPS volatility remain risks as the company completes the Hawthorne divestiture. Wider Q1 loss amid cannabis exit
• Negative Sentiment: FY?2026 EPS guidance was reiterated at $4.15–$4.35, slightly below consensus (~$4.28) — this modest shortfall tempers upside despite buybacks and long-term targets. Guidance and earnings call highlights

Scotts Miracle-Gro Company Profile

Scotts Miracle-Gro Company is a leading developer, manufacturer and distributor of consumer lawn and garden products. The firm serves both retail and professional customers through an array of branded offerings that include lawn fertilizers, grass seed, pest and disease control solutions, plant foods and specialty products for indoor and outdoor gardening. Its portfolio spans well-known names such as Scotts®, Miracle-Gro®, Ortho® and various hydroponic and specialty garden brands.

Headquartered in Marysville, Ohio, the company traces its roots to O.M.