Insider purchase and context
Scotts Miracle-Gro (NYSE:SMG) Executive Vice President, Chief Financial Officer and Chief Accounting Officer Mark J. Scheiwer reported the acquisition of 693 shares of the companys common stock on February 24, 2026. The shares were purchased at $71.435 apiece, for a total reported transaction value of $49,504, according to a Form 4 filing with the Securities and Exchange Commission.
Scheiwers purchase occurred while SMG was trading close to its 52-week high of $72.35 and amid a year-to-date share-price gain of 22 percent. The company is valued at approximately $4 billion and is trading at a price-to-earnings ratio of 24.77.
Following the filing, Scheiwer is listed as directly owning 15,369.741 shares of Scotts Miracle-Gro. In addition to that direct ownership, he is reported to hold 493.482 shares indirectly through a 401(K) plan.
Recent operating and reporting developments
Scotts Miracle-Gro released first-quarter 2026 financial results that exceeded analyst expectations. The company reported an earnings per share (EPS) of -$0.77 versus the consensus estimate of -$1.01, representing a 23.76 percent positive surprise. Revenue for the quarter was reported at $354.4 million, topping the expected $352.28 million.
Concurrently, the company announced that its Hawthorne business has been reclassified as a discontinued operation. That reclassification led Scotts Miracle-Gro to update its financial reporting, including revisions to GAAP and non-GAAP financial measures for fiscal years 2024 and 2025. Those updates were filed in the companys Quarterly Report on Form 10-Q for the period ended December 27, 2025, providing investors with revised historical financial results and adjusted segment information.
Valuation note and available research
According to InvestingPro analysis, SMG appears slightly overvalued relative to its Fair Value. The InvestingPro platform also provides Pro Research Reports and additional analytical content covering SMG and a broad universe of U.S. equities.
Summary and implications
The insider purchase by Scotts Miracle-Gros CFO is a reported, modest personal investment made while the stock trades near its yearly high. At the same time, the company reported a better-than-expected quarterly EPS result and slightly stronger revenue, and it has materially changed its financial presentation by moving Hawthorne to discontinued operations and restating certain prior-period measures. These facts together update both ownership disclosures and the companys reported financial baseline for investors and analysts.