Scotts Miracle-Gro stock falls 2.00 percent near its yearly low

Published on 10/04/2026 at 13:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Scotts Miracle-Gro stock carries a USD 75.20 average target from 6 analysts, while Q3 adjusted EPS reached USD 2.82 versus USD 2.48 expected. Fiscal 2026 guidance points to adjusted EPS of USD 4.30-4.45.

SMG, US8101861065, Illustration mit AI erstellt.

Scotts Miracle-Gro stock (ISIN US8101861065) closed at USD 49.02 on the NYSE on October 2, 2026, down 2.00 percent and 2.3 percent above its 52-week low of USD 47.90. The move leaves the lawn and garden company trading well below the USD 75.20 average analyst target.

Stifel trims its price target

Stifel kept a Buy rating but lowered its price target from USD 76 to USD 75 on September 29, 2026, according to Investing.com. The report said Stifel retained its fiscal 2026 adjusted EPS estimate of USD 4.44, at the high end of company guidance, while adjusting fiscal 2027 and 2028 assumptions for acquisitions, interest expense and revenue.

That target still lies 53.0 percent above the October 2 closing price. The calculation uses USD 75.00 against USD 49.02, making the valuation gap a central part of the current SMG debate.

Q3 earnings sharpen the test

For fiscal Q3 2026, Scotts Miracle-Gro reported adjusted EPS of USD 2.82 against a consensus estimate of USD 2.48, a USD 0.34 beat, while revenue rose 1.1 percent year over year to USD 1.17 billion, according to MarketBeat. The same report identifies July 29, 2026, as the reporting date for those quarterly results.

The company also reaffirmed fiscal 2026 adjusted EPS guidance of USD 4.30-4.45 and an adjusted gross margin of at least 32 percent in its capital allocation update, as reported by StockTitan. The update included a USD 275 million free cash flow target and a leverage ratio expected to decline to the high 3s, placing debt reduction alongside earnings execution.

Consensus stays above USD 75

The consensus rating is Moderate Buy, based on 3 Buy ratings and 3 Hold ratings, with 6 analysts covering the stock, according to MarketBeat. Its average price target is USD 75.20, with a high of USD 79.00 and a low of USD 67.00.

SMG stock remains near its yearly low

SMG closed at USD 49.02 on October 2, 2026, on the NYSE, with a session range of USD 48.90 to USD 50.95. The company had a market capitalization of USD 2.9 billion and volume of 964,993 shares, while the 52-week range stood at USD 47.90 to USD 75.34.