New insider activity at Scotts Miracle-Gro Company ( (SMG) ) has taken place on February 12, 2025.
Director Hagedorn Partnership, L.P. recently sold 12,123 shares of Scotts Miracle-Gro Company stock, amounting to a total transaction value of $810,543.
Recent Updates on SMG stock
Scotts Miracle-Gro Company has experienced notable developments, including a significant change in its Board of Directors with the resignation of Tom Kelly and the appointment of Nick Miaritis, signaling a strategic focus on enhancing consumer marketing capabilities. The company’s recent Q1 earnings call revealed a robust start to fiscal 2025, with improved gross margins and a strong U.S. consumer segment performance, despite challenges in the Hawthorne segment and restructuring costs. The company reported a 750 basis point improvement in gross margins and substantial cost savings, contributing to its cautious optimism for future growth. However, the Hawthorne segment faced a sales decline due to strategic exits from low-margin activities. The recent price target adjustment, which lowered the target, reflects these mixed results, emphasizing the strategic shifts and ongoing cost optimizations aimed at enhancing overall profitability and financial stability.
More about Scotts Miracle-Gro Company
YTD Price Performance: 1.16%
Average Trading Volume: 720,038
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.87B
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