Shares of Scotts Miracle-Gro Company (The) (NYSE:SMG) traded at a new 52-week high today of $250.00. Approximately 277,000 shares have changed hands today, as compared to an average 30-day volume of 336,000 shares.
Scotts Miracle-Gro is the largest provider of gardening and lawncare products in the United States. The majority of the company’s sales are to large retailers that include Home Depot, Lowe’s, and Walmart. Scotts Miracle-Gro can sell its products at a higher price point than its competition because of a well-recognized portfolio of brands that include Miracle-Gro, Roundup, Ortho, Tomcat, and Scotts. Scotts is also the leading supplier of cannabis-growing equipment in North America through its Hawthorne business.
Scotts Miracle-Gro Company (The) share prices have moved between a 52-week high of $250.00 and a 52-week low of $76.50 and are now trading 223% above that low price at $246.80 per share.
Scotts Miracle-Gro Company (The) (NYSE:SMG) is currently priced 7.8% above its average consensus analyst price target of $227.47.
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