The pandemic led to a surge in people engaging in outdoors activities such as gardening. Two of the top gardening supply stocks are Toro (TORO) and Soccts Miracle-Gro (SMG). Patrick Ryan explains which stocks is the better buy.Garden supply stocks have been outperforming over the past year. This trend is likely to continue given that valuations remain favorable and the strong housing market is also supportive of people spending more on maintaining and upgrading outdoor spaces. Another attractive feature is that these stocks tend to have high margins especially in an environment with strong demand. Many states have loosened regulations around cultivating cannabis which could be another boost as well.
Below, we provide a look at two of the top garden supply stocks: Scotts Miracle-Gro (SMG) and Toro (TTC).
Scotts Miracle-Gro (SMG)