Today it was reported that the Chairman & CEO of Scotts Miracle-Gro Company (SMG), James Hagedorn, exercised options to sell 105,703 SMG shares at $39.58 a share, for a total transaction value of $11.52M.
Following James Hagedorn’s last SMG Sell transaction on January 16, 2019, the stock climbed by 41.8%. In addition to James Hagedorn, 10 other SMG executives reported Sell trades in the last month.
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Based on Scotts Miracle-Gro Company’s latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $1.17 billion and quarterly net profit of $202 million. In comparison, last year the company earned revenue of $995 million and had a net profit of $82.1 million. SMG’s market cap is $6.02B and the company has a P/E ratio of 16.63. Currently, Scotts Miracle-Gro Company has an average volume of 665.1K.
The insider sentiment on Scotts Miracle-Gro Company has been negative according to 104 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.
James Hagedorn’s trades have generated a -17.8% average return based on past transactions. DailyInsider proprietary algorithm detects trades by the most influential insiders and selects attractive trading opportunities daily. To subscribe to the DailyInsider visit this page.
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Scotts Miracle-Gro Co. engages in the manufacture, marketing, and distribution of systems and accessories for hydroponic gardening. It operates through the following segments: U.S. Consumer, Hawthorne, and Other. The U.S. Consumer segment consists of consumer lawn and garden business.
