TABR Capital Management LLC Invests $3.95 Million in Garmin Ltd. $GRMN

Key Points

• TABR Capital Management opened a new position in Garmin, buying 19,452 shares valued at about $3.95 million, which represents roughly 1.5% of TABR's portfolio and is its 23rd largest holding.
• Garmin beat Q4 expectations with $2.79 EPS vs. $2.39 expected and $2.12B revenue (+16.6% y/y), and set FY2026 guidance at 9.35 EPS versus a sell-side average forecast of about 7.8, leaving a consensus rating of "Moderate Buy" and an average price target of $254.
• The company announced a quarterly dividend of $1.05 per share (annualized $4.20, ~1.8% yield), while insiders have been net sellers recently—including sales by the CFO and COO—with ~44,403 shares (~$10.99M) sold in the past 90 days, though insiders still own about 19.5% of the stock.

TABR Capital Management LLC purchased a new position in shares of Garmin Ltd. (NYSE:GRMN - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 19,452 shares of the scientific and technical instruments company's stock, valued at approximately $3,946,000. Garmin comprises about 1.5% of TABR Capital Management LLC's investment portfolio, making the stock its 23rd largest holding.

Other institutional investors have also added to or reduced their stakes in the company. Mather Group LLC. lifted its holdings in shares of Garmin by 1.2% during the third quarter. Mather Group LLC. now owns 3,749 shares of the scientific and technical instruments company's stock worth $923,000 after buying an additional 44 shares in the last quarter. Smith Moore & CO. grew its stake in shares of Garmin by 4.3% in the second quarter. Smith Moore & CO. now owns 1,151 shares of the scientific and technical instruments company's stock valued at $240,000 after acquiring an additional 47 shares in the last quarter. BSW Wealth Partners grew its stake in shares of Garmin by 2.9% in the third quarter. BSW Wealth Partners now owns 1,724 shares of the scientific and technical instruments company's stock valued at $425,000 after acquiring an additional 48 shares in the last quarter. SYM FINANCIAL Corp increased its position in Garmin by 4.0% during the third quarter. SYM FINANCIAL Corp now owns 1,294 shares of the scientific and technical instruments company's stock worth $319,000 after acquiring an additional 50 shares during the period. Finally, Alpine Woods Capital Investors LLC increased its position in Garmin by 0.6% during the third quarter. Alpine Woods Capital Investors LLC now owns 9,314 shares of the scientific and technical instruments company's stock worth $2,293,000 after acquiring an additional 51 shares during the period. 81.60% of the stock is currently owned by institutional investors.

Garmin Stock Down 1.1%

Shares of Garmin stock opened at $232.51 on Monday. Garmin Ltd. has a 12-month low of $169.26 and a 12-month high of $261.69. The company has a market capitalization of $44.75 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 2.78 and a beta of 0.94. The firm's 50-day moving average price is $223.62 and its two-hundred day moving average price is $221.69.

Garmin (NYSE:GRMN - Get Free Report) last issued its earnings results on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 EPS for the quarter, beating the consensus estimate of $2.39 by $0.40. Garmin had a net margin of 22.96% and a return on equity of 19.64%. The company had revenue of $2.12 billion during the quarter, compared to analysts' expectations of $2.01 billion. During the same period in the previous year, the company earned $2.41 EPS. The business's revenue for the quarter was up 16.6% compared to the same quarter last year. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. On average, sell-side analysts expect that Garmin Ltd. will post 7.8 earnings per share for the current year.

Garmin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 26th. Shareholders of record on Friday, March 12th will be given a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.8%. The ex-dividend date is Friday, March 12th. Garmin's payout ratio is currently 41.86%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the stock. Barclays set a $240.00 price objective on shares of Garmin in a report on Thursday, February 19th. Tigress Financial lifted their price target on shares of Garmin from $310.00 to $320.00 and gave the company a "strong-buy" rating in a research report on Friday, February 20th. Longbow Research upgraded Garmin from a "neutral" rating to a "buy" rating and set a $250.00 price target for the company in a research note on Wednesday, December 3rd. Weiss Ratings reissued a "buy (b)" rating on shares of Garmin in a research report on Thursday, January 22nd. Finally, JPMorgan Chase & Co. raised their price objective on Garmin from $250.00 to $265.00 and gave the stock a "neutral" rating in a research note on Thursday, February 19th. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Garmin has a consensus rating of "Moderate Buy" and an average price target of $254.00.

Insider Activity

In other Garmin news, CFO Douglas G. Boessen sold 3,487 shares of the firm's stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $251.66, for a total value of $877,538.42. Following the sale, the chief financial officer owned 28,049 shares of the company's stock, valued at approximately $7,058,811.34. This trade represents a 11.06% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, COO Patrick Desbois sold 6,694 shares of Garmin stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $251.65, for a total value of $1,684,545.10. Following the completion of the transaction, the chief operating officer owned 58,540 shares in the company, valued at approximately $14,731,591. The trade was a 10.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 44,403 shares of company stock valued at $10,987,074. Corporate insiders own 19.54% of the company's stock.

About Garmin

Garmin Ltd. is a technology company best known for designing and manufacturing navigation, communication and information devices that leverage global positioning system (GPS) technology. The company serves a diverse set of markets including consumer fitness and wearables, automotive navigation, aviation avionics, marine electronics and outdoor handheld devices. Garmin's products combine hardware, mapping and software services to deliver location-aware solutions for personal, recreational and professional uses.

Garmin's product lineup includes wearable fitness and multisport watches (Forerunner, Fenix, Venu), cycling computers and accessories (Edge, Varia), handheld and handheld-mounted GPS devices for outdoor activities, automotive and portable navigation units, marine chartplotters and fishfinders, and certified avionics for fixed- and rotary-wing aircraft.

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