Thursday, May 04, 2017 4:01:04 PM
Wall Street loves Scotts Miracle-Gro (NYSE:SMG) because it's a Jeff Sessions-proof stock to still get a little play on the booming cannabis industry. The company doesn't touch the plant, but has invested heavily in the space. The company's Hawthorne Gardening Co. subsidiary purchased General Hydroponics Inc. for $130 million in 2015, and went deeper into the hydroponics market with a major stake in the at-home hydroponic systems company AeroGrow International (OTC:AERO).
The company's cannabis-focused Hawthorne subsidiary now has a handful of brands in its portfolio, all targeted at cultivation, and Wall Street has loved it. As of recent 13F filings, institutional ownership of Scotts is up over 71%. This may be subject to change soon, since Scotts reported Q2 financials on Tuesday, and the company missed on earnings and revenue.
Read the whole article (https://www.dailymarijuanaobserver.com/single-post/2017/05/04/SMG-Wall-Streets-Weed-Stock-Darling-Missed-Earnings---What-You-Need-to-Know)
Recent SMG News
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 05/07/2024 08:33:53 PM
- ScottsMiracle-Gro Reports Second Quarter Results • GlobeNewswire Inc. • 05/01/2024 11:00:00 AM
- The Scotts Miracle-Gro Company Announces Quarterly Dividend Payment • GlobeNewswire Inc. • 04/22/2024 08:00:00 PM
- ScottsMiracle-Gro Partners with Central Ohio Beekeepers Association to Establish Apiary at Corporate Headquarters • GlobeNewswire Inc. • 04/22/2024 04:46:16 PM
- ScottsMiracle-Gro Announces Timing of Second Quarter 2024 Financial Results and Webcast • GlobeNewswire Inc. • 04/22/2024 02:59:12 PM
- ScottsMiracle-Gro Provides Update on Fiscal 2024 Second Quarter • GlobeNewswire Inc. • 04/04/2024 10:54:32 AM
- The Scotts Miracle-Gro Foundation and Doodles and Digits Partner to Bring "How It's Math" to Public Television • GlobeNewswire Inc. • 04/01/2024 11:00:00 AM
- Masimo Shares Up, Foot Locker Upgraded • IH Market News • 03/25/2024 01:30:18 PM
- Hawthorne and BFG Supply Forge Strategic Distribution Partnership • GlobeNewswire Inc. • 03/20/2024 09:00:00 PM
- Form SC 13G/A - Statement of acquisition of beneficial ownership by individuals: [Amend] • Edgar (US Regulatory) • 03/11/2024 09:35:00 PM
- The Scotts Miracle-Gro Foundation Welcomes its Fourth Class of Students to The Legacy Project • GlobeNewswire Inc. • 03/07/2024 04:31:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/06/2024 09:08:30 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 03/04/2024 10:33:06 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/01/2024 08:30:49 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/28/2024 08:31:11 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/28/2024 08:29:45 PM
- ScottsMiracle-Gro at Raymond James and UBS investor conferences in March; Fireside chats featuring Matt Garth to be available via webcast • GlobeNewswire Inc. • 02/27/2024 09:00:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/26/2024 10:00:30 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/26/2024 09:31:47 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/23/2024 09:35:17 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/22/2024 05:17:45 PM
- Form 144 - Report of proposed sale of securities • Edgar (US Regulatory) • 02/20/2024 08:32:31 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/20/2024 06:17:34 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/20/2024 06:15:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 02/20/2024 06:12:55 PM
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