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The Scotts Miracle-Gro Company

SMG · NYSE

Market closed$70.98$-2.49 (-3.39%)After hours $70.50 · -0.68%

Key statistics

Previous close$73.47
Open$73.87
Day high$75.34
Day low$70.52
52-week high$75.34
52-week low$52.00
Market cap4.13B
Volume1.63M
Average volume968.37K
P/E ratio16.17
Forward P/E11.57
EPS4.39
Dividend yield+3.72%

Market context

Why it moved

Scotts Miracle-Gro (SMG) shares fell today as investors weighed concerns over the company's elevated debt levels and ongoing capital needs, even as management reported strong U.S. Consumer segment demand and progress on divesting its Hawthorne business to streamline operations.

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What is happening

Recent company-specific developments and publisher coverage.

July 18, 2026Scotts Miracle-Gro shares fell sharply, giving back a portion of the strong gains made earlier in the week after the stock hit a new 52-week high of $75.34 intraday before reversing. The pullback comes amid a broad risk-off session driven by escalating U.S.-Iran tensions and a tech-led market selloff, with the Materials sector (XLB) also closing lower. The stock had surged roughly 10% on July 16 on Investor Day optimism, rising commodity prices tied to Strait of Hormuz disruptions, and a new institutional position disclosed by Kestrel Investment Management—but profit-taking and a broader market retreat weighed on shares today despite generally supportive fundamentals including a Q2 EPS beat of $4.53 vs. $3.97 estimates.

-3.3891

July 17, 2026Scotts Miracle-Gro surged to a new 52-week high, closing up over 8% on above-average volume, as multiple catalysts converged: UBS raised its price target from $63 to $70 (maintaining Neutral), while Wall Street Zen upgraded the stock to Buy. The rally extended momentum from the prior session's breakout above the 200-day moving average, with investors also citing rising commodity prices tied to renewed Strait of Hormuz tensions, reaffirmed fiscal 2026 guidance, and confidence in the company's recent leadership change. The stock continued climbing in after-hours trading, adding another ~2%, well above the broader materials sector (XLB), which edged slightly lower after the close.

8.06

July 15, 2026Scotts Miracle-Gro surged over 6% on strong volume — well above its average — after the company's better-than-expected Q2 results continued to resonate with investors, with EPS of $4.53 beating estimates of $3.97 and revenue of $1.46B topping the $1.41B consensus. The rally also followed Morningstar analyst commentary highlighting the potential for improved capital allocation under an incoming CEO, who analysts believe may refocus the business on its core lawn care operations ahead of a closely watched August 4 investor day.

6.0356

July 15, 2026Scotts Miracle-Gro edged up modestly on Monday, closing slightly higher even as the broader market rebounded on a softer-than-expected June CPI report that brought headline inflation down to 3.5%. The key narrative for investors, however, centers on the abrupt CEO departure announced recently, with Morningstar flagging the unusual immediacy of the transition as the outgoing CEO handed reins directly to the COO — who had been quietly groomed for the role since joining in 2023. Morningstar still rates SMG a 4-star stock at a ~20% discount to fair value, but attention is turning squarely to the August 4 analyst day, where the new CEO's strategic priorities — particularly whether he'll focus on core lawn care execution rather than capital-intensive diversification bets — could reshape the investment thesis. In after-hours trading, shares slipped ~1.5%, diverging from the materials sector ETF (XLB), which edged higher.

0.3286

July 14, 2026Scotts Miracle-Gro shares fell amid a broad market selloff driven by renewed U.S.-Iran military tensions that sent oil prices surging and dampened risk appetite across equities. The basic materials sector was already the worst performer last week, and with the XLB ETF also declining Monday, Scotts faced dual headwinds from macro pressure and sector-level weakness. Analyst sentiment remains mixed, with a consensus price target of $73.00 implying meaningful upside, but investors are navigating a challenging backdrop of elevated inflation concerns, high interest rates, and a heavily leveraged balance sheet with a dividend payout ratio flagged above earnings.

-2.3977

July 11, 2026Scotts Miracle-Gro shares edged higher on modest volume, closing with a slight gain as investors weighed a busy week of company news. The company is heading into Cultivate '26 (July 12-14) where it will showcase its expanded organic portfolio including the new Raised Bed Revitalizer, with Chief Gardening Officer Martha Stewart making a headline appearance. Wells Fargo set a bullish $74 price target on July 8, adding to Stifel's $75 target, with a median analyst target of $70.50—both well above the current price. A recent CEO transition to Nate Baxter and Q2 revenue growth of 2.71% year-over-year to $1.5B provide fundamental backdrop, while the Basic Materials sector underperformed the broader market this week.

0.3525

July 9, 2026Scotts Miracle-Gro closed essentially flat as investors weighed a fresh analyst upgrade from Wells Fargo, which set a $74 price target on July 8, alongside the company's upcoming showcase of its modernized organic Miracle-Gro portfolio at Cultivate '26 (July 12–14 in Columbus). The brand event will feature Martha Stewart and new products including a Raised Bed Revitalizer, signaling a push to engage younger, lifestyle-oriented gardeners. Broader macro headwinds — including renewed U.S.-Iran strikes lifting oil prices and reigniting inflation fears — kept the Basic Materials sector (XLB) subdued, with investor sentiment in materials near historic lows.

0.046

July 9, 2026Scotts Miracle-Gro shares declined amid a broad market risk-off session triggered by President Trump declaring the U.S.-Iran ceasefire 'over,' sending oil prices surging over 5% and pushing Treasury yields higher. The macro headwinds — rising energy costs, elevated rates, and cooling housing activity — weighed on demand-sensitive consumer and home improvement-adjacent names, with peers like Lowe's also falling sharply. In after-hours trading, SMG has rebounded nearly 2%, partially recovering the session's losses. The only company-specific news was a philanthropic 'Grow Her Game' soccer initiative, which carries no material financial impact.

-2.3507

Simply Wall Street · July 18, 2026Is Scotts Miracle-Gro (SMG) Refocus on U.S. Consumer Poised to Reshape Its Investment Narrative?MarketBeat · July 17, 2026The Scotts Miracle-Gro Company (NYSE:SMG) Receives Consensus Rating of "Hold" from AnalystsThe Business Journals · July 7, 2026Scotts Miracle-Gro seeking new Marysville office as HQ up for saleSimply Wall Street · May 7, 2026Scotts Miracle-Gro Lawsuit Puts Governance And Valuation Gap In FocusInvesting.com · April 29, 2026Earnings call transcript: Scotts Miracle-Gro beats Q2 2026 expectationsStock Titan · April 20, 2026Scotts Miracle-Gro to pay shareholders 66 cents a share in June
Mt Newswire · July 16, 2026UBS Adjusts Price Target on Scotts Miracle-Gro to $70 From $63, Maintains Neutral Rating
Benzinga · July 4, 2026Trump Faces New Questions As Report Says Boeing, Lockheed, Palantir and Other Federal Contractors Supported Both America250 and His Freedom 250 Initiative
Mt Newswire · June 29, 2026Scotts Miracle-Gro Names Nate Baxter President, CEO
Benzinga · June 29, 2026Scotts Miracle-Gro Names Nate Baxter As New CEO, Jim Hagedorn Steps Down After Long Run, Reaffirmed FY26 Adj EPS Of $4.15-$4.35 Vs $4.34 Est
Mt Newswire · June 18, 2026Scotts Miracle-Gro Names Nick Miaritis Chief Brand Officer
Benzinga · June 8, 2026Stifel Maintains Buy on Scotts Miracle Gro, Lowers Price Target to $75
Benzinga · June 3, 2026Scotts Miracle-Gro Reaffirms FY26 Non-GAAP Adj. EPS From Continuing Operations Guidance Of $4.15-$4.35
Mt Newswire · June 2, 2026UBS Adjusts Price Target on Scotts Miracle-Gro to $63 From $70, Maintains Neutral Rating

Peers

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