Scotts Miracle-Gro Co
In the published model solve dated 2026-Q2, anchored at $66.14, Scotts Miracle-Gro Co (SMG) is priced for +4.9% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 11, 2026 from SEC EDGAR filings.
• Scotts Miracle-Gro completed its retreat to the core in April 2026 by selling Hawthorne, leaving the dominant US consumer lawn-and-garden franchise whose model is to ⟦"inspire consumers to create retail demand"⟧ (FY2025 10-K, accession 0000825542-25-000022), with peak-quarter gross margin recovering to 41.8%. • The biggest risk is concentration stacked on seasonality: ⟦"The Home Depot and Lowe's are our two largest customers"⟧ (accession 0000825542-25-000022), sales bunch into two spring quar
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425 institutional managers reported holding SMG in 13F filings for the quarter ended 2026-03-31. Together they hold about 78% of the company; the top 10 hold 38%. 57 opened new positions that quarter. Held by Vanguard Group, BlackRock, FMR (Fidelity), among others. On the short side, 5.8M shares were sold short as of the 2026-06-15 count, about 10% of shares outstanding (6 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
SMG's share count grew 4.1% over the past five years even with $340.60M spent on repurchases. It pays a dividend, and has paid one every year in our records (17 and counting); the current rate is $2.64 a share annually. Cash returned over the past three years: $420.50M in dividends and $35.10M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at SMG over the trailing three years: 2025: 1 buy totaling $110k; 2026: 1 buy totaling $50k. 19 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
SMG's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-02-09 | +16.3% | -5.4% |
| 2023-05-11 | -7.6% | -0.9% |
| 2023-08-10 | -21.1% | -11.1% |
| 2023-11-23 | -0.3% | +2.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
SMG's latest 8-K filings: 2026-07-29 (items 2.02, 9.01); 2026-07-01 (items 5.02, 9.01); 2026-04-29 (items 2.02, 7.01, 9.01); 2026-04-09 (items 8.01, 9.01); 2026-02-20 (items 2.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 11, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.