Scotts Miracle-Gro Company (The) (SMG) : Traders are bullish on Scotts Miracle-Gro Company (The) (SMG) as it has outperformed the S&P 500 by a wide margin of 9.71% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 3.68%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 3.73% in the last 1 week, and is up 10.84% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 7.71% and the 50-Day Moving Average is 13.99%. Scotts Miracle-Gro Company (The) (NYSE:SMG): stock turned positive on Friday. Though the stock opened at $82.17, the bulls momentum made the stock top out at $83.26 level for the day. The stock recorded a low of $81.99 and closed the trading day at $82.53, in the green by 0.39%. The total traded volume for the day was 509,528. The stock had closed at $82.21 in the previous days trading.
The company Insiders own 27.28% of Scotts Miracle-Gro Company (The) shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -25.94% . Institutional Investors own 69.05% of Scotts Miracle-Gro Company (The) shares. During last six month period, the net percent change held by insiders has seen a change of -51.62%. Also, Equity Analysts at the JP Morgan upgrades the rating on Scotts Miracle-Gro Company (The) (NYSE:SMG). The brokerage firm has issued a Overweight rating on the shares. The shares were previously rated Neutral. The rating by the firm was issued on August 4, 2016.
The Scotts Miracle-Gro Company (Scotts Miracle-Gro) is a manufacturer and marketer of branded consumer lawn and gardens products. The Companys segments include Global Consumer, which manufactures and markets consumer lawn and gardens products, including lawn care, Gardening and Landscape and Home Protection, and Scotts LawnService, which provides residential and commercial lawn care, tree and shrub care and limited pest control services in the United States through periodic applications of fertilizer and control products. The Company sells its consumer products primarily to home centers, mass merchandisers, warehouse clubs, large hardware chains, independent hardware stores, nurseries, garden centers and food and drug stores through both a direct sales force and its network of brokers and distributors. The primary distribution centers for the Companys Global Consumer business internationally are located in the United Kingdom, France, Germany, Austria and Australia.