7 Best Fertilizer Stocks to Buy According to Hedge Funds

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

Number of Hedge Fund Holders: 39

The Scotts Miracle-Gro Company (NYSE:SMG) is one of the 7 best fertilizer stocks to buy according to hedge funds.

On June 10, Stifel analysts announced that they are maintaining a ‘Hold’ rating for the company, citing its cautious stance about the future performance. The analysts cite concerns about the growth rate of U.S. consumer revenue in FY25, which they expect to grow below expectations. The analysts maintained a price target of $71. The Scotts Miracle-Gro Company (NYSE:SMG)’s shares are trading around $62 at the time of writing.

In addition to the concerns about consumer revenue growth, the analysts highlighted uncertainty regarding the company’s FY25 financial performance results. Moreover, the analysts have also cited FY26 projected results, which are below the consensus estimates. Thus, they concluded that the current risk-to-reward ratio supports a ‘Hold’ rating.

The Scotts Miracle-Gro Company (NYSE:SMG) manufactures and sells lawn fertilizers, soils, plant-based food, and hydroponic equipment across the U.S. and the rest of the globe. It is one of the best fertilizer stocks to buy right now.