William Blair analyst Jon Andersen has maintained their bullish stance on SMG stock, giving a Buy rating today.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Jon Andersen has given his Buy rating due to a combination of factors including the company’s financial performance and future outlook. The Scotts Miracle-Gro Company reported sales that exceeded Jon’s estimates by 8%, although they were slightly below the broader market consensus. Additionally, the company’s EBITDA surpassed both Jon’s forecast and the market’s expectations, indicating strong operational performance.
Looking ahead, the company’s initial guidance for 2026 suggests modest growth in U.S. consumer sales and an enterprise-wide EPS that is projected to be higher than Jon’s initial estimate. Furthermore, the company anticipates improvements in gross margin and a reduction in leverage ratio, moving it closer to their target range. These positive financial indicators and forward-looking projections underpin Jon Andersen’s Buy rating for Scotts Miracle-Gro Company.
In another report released today, Jefferies also maintained a Buy rating on the stock with a $74.00 price target.
Based on the recent corporate insider activity of 106 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.