Scotts Miracle-Gro Company (SMG) Gets a Buy from Wells Fargo

In a report released on February 15, Christopher Carey from Wells Fargo maintained a Buy rating on Scotts Miracle-Gro Company, with a price target of $75.00.

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According to TipRanks, Carey is a 3-star analyst with an average return of 2.1% and a 50.34% success rate. Carey covers the Consumer Defensive sector, focusing on stocks such as Church & Dwight, Conagra Brands, and Anheuser-Busch Inbev Sa.

In addition to Wells Fargo, Scotts Miracle-Gro Company also received a Buy from TipRanks – DeepSeek’s DeepSeek Agricultural Inputs in a report issued on January 29. However, on February 5, TipRanks – Google reiterated a Hold rating on Scotts Miracle-Gro Company (NYSE: SMG).

Based on Scotts Miracle-Gro Company’s latest earnings release for the quarter ending December 27, the company reported a quarterly revenue of $354.4 million and a GAAP net loss of $125 million. In comparison, last year the company earned a revenue of $416.8 million and had a GAAP net loss of $69.5 million

Based on the recent corporate insider activity of 96 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SMG in relation to earlier this year.