SMG Stock Recent News

Jefferies upgraded Scotts Miracle-Gro to Buy from Hold with a price target of $69, down from $72. The firm says that with 5% of the company's cost of goods sold exposed to tariffs, lawn and garden spend being "resilient" during economic contractions, and a potential tailwind as households trade-down from do-it-for-me to do-it-yourself, it has confidence in Scotts Miracle-Gro's fiscal 2025 EBITDA growth view. In 2025, Jefferies believes stocks with little international sourcing exposure and "defensive" business models as quality "hide-outs" for alpha. Scotts "checks those boxes," the firm contends.

The U.S. cannabis industry is experiencing significant growth, with legal sales projected to reach around $45 billion in 2025. Wider legalization efforts and increased consumer demand fuel this rapid expansion. Today, most Americans live in areas with at least one licensed dispensary. Recently, there has also been renewed momentum toward federal cannabis reform, with new legalization initiatives gaining traction. As these trends continue, ancillary cannabis companies are becoming key players. They supply the tools, technologies, and services that drive the industry forward without touching the plant directly.

Scotts (SMG) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.

Marijuana stocks are still trading at low levels, making it tough to find the silver lining as an investor. Yet, the overall progress and success for companies as businesses are doing well. This is due to more people wanting more cannabis products. This leads to more sales and a bigger demand that, as of now, is continuously growing. The success of the industry is what is building a large amount of speculation about what may take place in the future.

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high dividend payout.

The U.S. cannabis industry continues expanding, creating opportunities for ancillary companies that support cultivation and retail operations the U.S. legal cannabis industry experienced significant growth, with sales reaching approximately $31.4 billion, marking a 9.14% increase from the previous year. Industry experts predict sales could reach $50 billion by 2028 as more states legalize marijuana. Recently, Congress discussed federal cannabis reform, increasing speculation about potential rescheduling. If federal legalization advances, ancillary stocks could see strong momentum. These companies provide essential products, including hydroponics, lighting, and packaging, benefiting from growing cannabis demand. As the industry evolves, investors are closely watching top-performing ancillary stocks this week.

The U.S. cannabis industry continues expanding, with sales expected to reach $40 billion by 2025, according to industry reports. As legalization spreads, ancillary companies supplying cultivation equipment, hydroponics, and other services see increased demand. These businesses do not touch the plant directly, reducing legal risks while benefiting from the industry's rapid growth. Recently, several states, including Pennsylvania and Ohio, have pushed for adult-use legalization, adding momentum to federal reform discussions. Investors are watching how these changes could impact market leaders. Ancillary stocks provide key products for cannabis cultivators, making them essential for industry success.

MARYSVILLE, Ohio, March 04, 2025 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the world's leading marketer of branded consumer lawn and garden care as well as a leading provider of indoor and hydroponic growing products, today announced that Jim Safka has been named senior vice president of ecommerce. Safka is an accomplished executive with extensive and pioneering experience in technology, marketing and management.

MARYSVILLE, Ohio, March 03, 2025 (GLOBE NEWSWIRE) -- The Scotts Miracle-Gro Company (NYSE: SMG), the world's leading marketer of branded consumer lawn and garden care as well as a leading provider of indoor and hydroponic growing products, will present at the Raymond James & Associates' 46th Annual Institutional Investors Conference in Orlando, Fla., on Tuesday, March 4, 2025.

The U.S. cannabis industry continues to expand, creating opportunities for ancillary companies that supply cultivation equipment, hydroponics, and other essential products. In 2023, legal cannabis sales in the U.S. reached $34 billion, and projections suggest they could surpass $50 billion by 2028. States like Florida and Pennsylvania are considering legalization, which could further boost industry growth. Additionally, the SAFER Banking Act remains a key topic in Congress, potentially improving financial access for cannabis businesses. As the industry evolves, ancillary companies play a crucial role in supporting cultivation and distribution. These businesses benefit from market expansion without the risks associated with direct cannabis sales.