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SMG Showing Recent Insider Activity

Recent activity shows that Scotts Miracle-Gro Company, SMG the Insider Confidence level is trending Down due to Corporate Insiders of SMG Sold $7.8M worth of shares in the last 3 months.  

Before you dig into this report it is important to remember that "Insider Buying" is the purchase of shares in a corporation by a director, officer, or executive within the company. Insider buying is not the same as insider trading, which refers to corporate insiders making illegal stock purchases based on non-public information.
 
"Insider Buying" is not a crime when the buying is based on public information. 
 
Additionally, since insiders have unique insights into their own companies, they often gobble up shares when they believe the stock is undervalued or dump stock when it’s time to sell.  That's why people pay attention to insider buying.

Here is a list of the latest insider activity for SMG:
  • King James D - EVP and CCO, Sold $1,722,266 worth of shares on 2 weeks ago
  • James Hagedorn - Chairman & CEO,Director,>10% Owner, Sold $5,864,058 worth of shares on 1 week ago
  • Stephen L Johnson - Director, Sold $261,284 worth of shares on 2 weeks ago
  • James Hagedorn - Chairman & CEO,Director,>10% Owner, $1,943,622 worth of shares on 3 months ago
TipRanks.com reports that Scotts Miracle-Gro Company currently has 8 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $138.13 . The target pricing ranges from a high forecast of $185.00 down to a low forecast of $110.00. Scotts Miracle-Gro Company (SMG)’s last closing price was $88.79 which would put the average price target at 55.57% upside.

In addition, TradingView issued a Sell rating for SMG over the next month, Barchart.com has a Strong sell rating and Yahoo! Finance has a Bullish short-term outlook

Scotts Miracle-Gro Company, SMG
Summary: The Scotts Miracle-Gro Company is a leading producer and marketer of branded garden and consumer lawn products. The company makes, markets and sells garden and lawn products in various categories. Its products are marketed under some of the most recognized brands like Scotts & Turf Builder lawn and grass seed products, LiquaFeed and Osmocote gardening and landscape products, Miracle-Gro plant fertilizers, EverGreen lawn fertilizers, Weedol and Pathclear herbicides and Levington gardening and landscape products. Its has three reportable business segments: U.S. Consumer, Hawthorne and Other. U.S. Consumer division consists of consumer garden and lawn business. The lawn care products also include lawn-related pest, weed and disease control products. Hawthorne segment consists of urban, indoor and hydroponic gardening business. Other division consists of consumer lawn and garden business in regions other than the U.S. and the products are sold to commercial nurseries, greenhouses and other professional customers.
  • Last Price: $88.79
  • Price Change: -$0.29, -0.3256%
  • Yearly Gain: -58.16%
  • Market Cap: $4.92B
  • P/E Ratio: 12.682
Remember, securities are volatile, so please do your own research on SMG. If you are interest in stocks like SMG or stocks in the Basic Materials sector, please click here.

TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>

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This information was sourced from various 3rd party public sources but to get the best insight into insider activity related to SMG, you should consider joining TipRanks.com.

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