Stifel Keeps Buy Rating on Scotts Miracle-Gro (SMG) Despite Slower May Sales

The Scotts Miracle-Gro Company (NYSE:SMG) is included among Billionaire Mario Gabelli’s Top 12 Dividend Stocks.

Stifel Keeps Buy Rating on Scotts Miracle-Gro (SMG) Despite Slower May Sales

On June 8, Stifel lowered its price recommendation on The Scotts Miracle-Gro Company (NYSE:SMG) to $75 from $76. It reiterated a Buy rating on the shares. The firm revised its FY2026-FY2028 estimates following the company’s update last week. Scotts reaffirmed its FY2026 guidance, though updated branded point-of-sale data indicated that sales trends slowed in May.

On June 2, UBS reduced its price objective on SMG to $63 from $70. It kept a Neutral rating on the stock. Ahead of a conference presentation, analyst Peter Grom said the company is facing several challenges, including softer demand, unfavorable weather conditions, weaker consumer spending, and higher input costs, all of which have weighed on the shares. The firm noted that management remains focused on offsetting higher costs through pricing actions and expanding margins. Even so, UBS believes organic sales growth and gross margin improvement are increasingly likely to come in toward the lower end of the company’s guidance range. Despite these pressures, the firm said Scotts’ current FY2026 targets still appear achievable.

The Scotts Miracle-Gro Company (NYSE:SMG) manufactures, markets, and sells products for lawn and garden care, as well as indoor and hydroponic gardening.

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