12 Best Mid-Cap Materials Stocks to Buy Now

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8. The Scotts Miracle-Gro Company (NYSE:SMG)

Market Capitalization: $3.66 billion

Number of Hedge Fund Holders: 36

The Scotts Miracle-Gro Company (NYSE:SMG) ranks among the best mid-cap materials stocks to buy now. Following The Scotts Miracle-Gro Company (NYSE:SMG)’s fiscal third-quarter 2025 earnings announcement, Stifel maintained its Hold rating and reduced its price target to $70 from $71 on August 4. The firm pointed to a “more positive bias” in spite of the target reduction, pointing to the quarter’s better-than-expected gross margin performance and the stock’s recent underperformance, which has caused SMG shares to trade lower than its rivals in the consumer staples industry.

Stifel noted the company’s U.S. Consumer segment outlook had allayed its earlier worries, and point-of-sale patterns indicated strong performance despite what the firm called “a still challenging backdrop.”

Stifel has raised its expectations for fiscal years 2025–2027, mostly because of improved gross margin performance. However, in anticipation of fourth-quarter earnings, the firm characterized U.S. consumer fiscal year 2026 prospects as “the key debate” amid uncertainties.

The Scotts Miracle-Gro Company (NYSE:SMG) produces, markets, and distributes products for indoor and hydroponic gardening, as well as lawn and garden maintenance. The company has developed cutting-edge technology and solutions specifically designed for cannabis cultivation by utilizing its expertise in horticulture and gardening.

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