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Stifel analyst W. Andrew Carter maintains Scotts Miracle Gro (NYSE:SMG) with a Buy and raises the price target from $75 to $76.
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The Scotts Miracle-Gro Company (NYSE:SMG), the leading marketer of branded consumer lawn and garden products in North America, today announced that it intends to acquire the Black Kow brand to strategically expand its
Filed: 2026-08-27 AccNo: 0000825542-26-000043 Size: 211 KB Item 1.01: Entry into a Material Definitive Agreement Item 9.01: Financial Statements and Exhibits
The global urban gardening products market is projected to grow from USD 22.5 billion in 2025 to USD 53.5 billion by 2035, driven by urbanization, sustainability awareness, and increased interest in home-grown food production. Key growth areas include containers/planters and vegetable cultivation, with smart gardening technologies and eco-friendly solutions gaining traction among urban consumers.
ScottsMiracle-Gro announced mid-range financial targets for fiscal 2027-2029 during its Investor Day at NYSE, including 2-4% annual net sales growth, 50-100 basis points gross margin improvement, and 5-8% adjusted EPS growth. The company outlined its SMG 2.0 strategy focused on portfolio optimization, omnichannel expansion, category growth, and technology-driven operational excellence, while maintaining disciplined capital allocation with free cash flow targets above $275 million and leverage ratios of 3-3.5x.