New insider activity at Scotts Miracle-Gro Company ( (SMG) ) has taken place on February 14, 2025.
Director Brian E Sandoval has executed a notable transaction by selling 1,513 shares of Scotts Miracle-Gro Company stock, amounting to a total sale value of $99,631.
Recent Updates on SMG stock
In the recent developments for Scotts Miracle-Gro Company (SMG), the company has expressed cautious optimism for fiscal 2025 following their Q1 earnings call. Despite challenges in the Hawthorne segment and restructuring costs, Scotts Miracle-Gro reported significant improvements in gross margins and cost savings, enhancing profitability. The U.S. consumer segment showed strong growth with an 11% increase in sales, while the company achieved over 750 basis points improvement in gross margins. Strategic initiatives including streamlined supply chain operations and a focus on profitability have led to a positive outlook, with projected sales growth and adjusted EBITDA improvements for the year. However, challenges remain in Hawthorne, which saw a 35% decline in sales due to strategic restructuring. Despite these mixed results, the company’s strategic focus on high-margin products, innovation, and shareholder-friendly actions such as reducing share count aim to sustain growth through fiscal 2027. Changes in price targets were influenced by these earnings results and the company’s strategic decisions to enhance profitability and market position, despite ongoing challenges.
More about Scotts Miracle-Gro Company
YTD Price Performance: 0.40%
Average Trading Volume: 721,549
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $3.79B
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