Today it was reported that the President & COO of Scotts Miracle-Gro Company (SMG), Michael Lukemire, exercised options to sell 67,921 SMG shares at $60.47 a share, for a total transaction value of $9.01M.
Following Michael Lukemire’s last SMG Sell transaction on November 15, 2019, the stock climbed by 34.5%. In addition to Michael Lukemire, 7 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 March 31, the company posted quarterly revenue of $1.38 billion and quarterly net profit of $252 million. In comparison, last year the company earned revenue of $1.19 billion and had a net profit of $397 million. The company has a one-year high of $140.36 and a one-year low of $76.50. Currently, Scotts Miracle-Gro Company has an average volume of 344.67K.
Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $134.00, reflecting a 3.3% upside.
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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. The Hawthorn segment includes indoor, urban, and hydroponic gardening business. The Other segment refers to the consumer lawn and garden business in geographies other than the U.S. and product sales to commercial nurseries, greenhouses, and other professional customers. The company was founded by Orlando McLean Scott in 1868 and is headquartered in Marysville, OH.
