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    Scotts Miracle-Gro (SMG) Is Up 6.9% After New Buyback, M&A Plans and Product Refresh

    Simply Wall St·02/10/2026 02:21:39
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    • In late January and early February 2026, Scotts Miracle-Gro announced refreshed indoor gardening products, reaffirmed its 2026 guidance, outlined tuck-in M&A ambitions, and authorized a share repurchase program of up to US$500 million.
    • The combination of wellness-focused product innovation, acquisition plans aimed at enhancing its portfolio, and a sizeable buyback highlights how Scotts Miracle-Gro is trying to balance consumer trends with capital allocation priorities.
    • Next, we’ll examine how the sizeable share repurchase authorization shapes Scotts Miracle-Gro’s investment narrative and future capital deployment choices.

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    What Is Scotts Miracle-Gro's Investment Narrative?

    For someone owning Scotts Miracle-Gro, the core belief is that this is a durable consumer lawn and garden franchise that can gradually compound value through steady U.S. Consumer sales, consumer-focused innovation and disciplined capital returns. The latest news reinforces that narrative rather than rewriting it. The refreshed indoor line leans into wellness and year-round plant care, but on its own is unlikely to move the needle near term versus bigger catalysts such as execution in the core lawn season, margin delivery and balance sheet repair. Management’s tuck-in M&A ambitions and the sizeable US$500 million buyback authorization matter more immediately, because they sharpen the trade-off between reinvesting for growth and reducing share count at a time when earnings quality has been affected by one-off items and leverage remains a key watchpoint.

    However, investors should pay close attention to how the buyback interacts with Scotts Miracle-Gro’s existing debt load. Scotts Miracle-Gro's shares have been on the rise but are still potentially undervalued by 8%. Find out what it's worth.

    Exploring Other Perspectives

    SMG 1-Year Stock Price Chart
    SMG 1-Year Stock Price Chart
    Five fair value estimates from the Simply Wall St Community range from about US$43.49 to US$72.31, underlining how far opinions can stretch. Set that against the new US$500 million buyback plan and the company’s ongoing losses in the latest quarter, and you start to see why different investors may frame the trade off between capital returns and financial risk very differently.

    Explore 5 other fair value estimates on Scotts Miracle-Gro - why the stock might be worth as much as 9% more than the current price!

    Build Your Own Scotts Miracle-Gro Narrative

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    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.