In a remarkable display of market resilience, Scotts Miracle-Gro Company (NYSE:SMG) stock has achieved a 52-week high, reaching a price level of $91.25. This peak comes amidst a period of significant growth for the company, with a 1-year change showing an impressive 67.6% increase. Investors have shown increased confidence in the lawn and garden products manufacturer, propelling the stock to new heights over the past year. The company's strong performance is reflective of a broader trend in the home gardening and landscaping sector, which has seen a surge in consumer interest and spending. The 52-week high milestone underscores Scotts Miracle-Gro's robust financial health and market position.
InvestingPro Insights
Scotts Miracle-Gro's recent stock performance aligns with several key insights from InvestingPro. The company's stock is indeed trading near its 52-week high, with a strong return of 72.38% over the last year. This impressive growth is further supported by a 26.31% return over the past three months, indicating sustained momentum.
InvestingPro data reveals a market capitalization of $5.18 billion, reflecting the company's significant market presence. Despite a slight revenue decline of 4.3% in the last twelve months, Scotts Miracle-Gro maintains a healthy gross profit margin of 26.01%, suggesting efficient cost management.
Two particularly relevant InvestingPro Tips highlight the company's financial strength and shareholder value. Firstly, Scotts Miracle-Gro boasts a high shareholder yield, indicating a commitment to returning value to investors. Secondly, the company has maintained dividend payments for 20 consecutive years, demonstrating long-term financial stability and shareholder-friendly policies.
For investors seeking a deeper understanding of Scotts Miracle-Gro's potential, InvestingPro offers 9 additional tips, providing a comprehensive view of the company's financial health and market position.
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