Garmin (GRMN) Stock Price, News & Analysis

Company Overview

Garmin Ltd. (NYSE: GRMN) is a global provider of navigation, communication and information devices that leverage satellite positioning technology. The company’s product portfolio includes automotive and portable navigation systems, fitness wearables such as GPS running watches and cycling computers, aviation and marine avionics, outdoor handheld GPS units, and pet tracking devices. Garmin integrates hardware, software and services to deliver location-based data, route planning and performance monitoring across a broad range of consumer and professional applications.

Founded in 1989 by Gary Burrell and Min Kao, Garmin is headquartered in Olathe, Kansas, and maintains regional offices and manufacturing facilities in Europe, Asia and Australia. Over its history, the company has expanded through organic growth and targeted acquisitions to enhance its mapping, sensor and connectivity capabilities. Clifton D. “Cliff” Pemble serves as President and Chief Executive Officer, leading product development and strategic initiatives aimed at strengthening Garmin’s position in key markets.

Garmin’s solutions are designed to meet the needs of drivers, pilots, boaters, athletes and outdoor enthusiasts around the world. Its aviation segment offers flight decks, navigators and traffic advisory systems; the marine division delivers chartplotters, fishfinders and autopilots; and the fitness and outdoor segment provides wearables, handheld units and smart sensors. With a global distribution network spanning North America, Europe, Asia and other regions, Garmin supports both retail consumers and commercial customers through direct channels and partner networks.

Key Stats

• Today's Range: $240.49 to $243.00
• 50-Day Range: $201.86 to $242.01
• 52-Week Range: $160.94 to $246.50
• Volume: 1.25 million shs
• Average Volume: 785,357 shs
• Market Capitalization: $46.59 billion
• P/E Ratio: 29.84
• Dividend Yield: 1.49%
• Price Target: $222.00
• Consensus Rating: Hold

Garmin Stock Analysis - MarketRank™

Garmin scored higher than 81% of companies evaluated by MarketBeat, and ranked 187th out of 658 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Hold

Consensus Rating

Garmin has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and 2 sell ratings.

Amount of Analyst Coverage

Garmin has only been the subject of 3 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.9 / 5
• Proj. Earnings Growth: 2.31%

Earnings Growth

Earnings for Garmin are expected to grow by 2.31% in the coming year, from $7.80 to $7.98 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Garmin is 29.84, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 270.85.

Price to Earnings Ratio vs. Sector

The P/E ratio of Garmin is 29.84, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 418.84.

Price to Earnings Growth Ratio

Garmin has a PEG Ratio of 2.65. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Garmin has a P/B Ratio of 5.73. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

1.68% of the float of Garmin has been sold short.

Short Interest Ratio / Days to Cover

Garmin has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Dividend

• Score: 3.3 / 5
• Dividend Strength: Strong

Dividend Yield

Garmin pays a meaningful dividend of 1.49%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Garmin has been increasing its dividend for 8 years.

Dividend Coverage

The dividend payout ratio of Garmin is 44.39%. This payout ratio is at a healthy, sustainable level, below 75%.

Dividend Sustainability

Based on earnings estimates, Garmin will have a dividend payout ratio of 45.11% next year. This indicates that Garmin will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.0 / 5
• Environmental Score: -2.39

Percentage of Shares Shorted

1.68% of the float of Garmin has been sold short.

Short Interest Ratio / Days to Cover

Garmin has a short interest ratio ("days to cover") of 3.2, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

News and Social Media

• Score: 2.9 / 5
• News Sentiment: 1.30

News Sentiment

Garmin has a news sentiment score of 1.30. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.95 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 26 news articles for Garmin this week, compared to 24 articles on an average week.

Search Interest

Only 5 people have searched for GRMN on MarketBeat in the last 30 days. This is a decrease of -38% compared to the previous 30 days.

MarketBeat Follows

Only 6 people have added Garmin to their MarketBeat watchlist in the last 30 days. This is a decrease of -25% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Garmin insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $4,376,918.00 in company stock.

Percentage Held by Insiders

15.38% of the stock of Garmin is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

81.60% of the stock of Garmin is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

GRMN Stock Analysis - Frequently Asked Questions

How have GRMN shares performed this year?

Garmin's stock was trading at $206.26 on January 1st, 2025. Since then, GRMN stock has increased by 17.3% and is now trading at $242.0140.

How were Garmin's earnings last quarter?

Garmin Ltd. (NYSE:GRMN) posted its earnings results on Wednesday, July, 30th. The scientific and technical instruments company reported $2.17 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.90 by $0.27. The business's revenue for the quarter was up 20.4% compared to the same quarter last year.
Read the conference call transcript.

Does Garmin have any subsidiaries?

Garmin subsidiaries include these companies: Firstbeat Analytics, Flight Plan, EmpirBus, Navionics, Alphamantis Technologies, ActiveCaptain, Iiyonet, and more.

Who are Garmin's major shareholders?

Garmin's top institutional shareholders include Vanguard Group Inc. (10.23%), State Street Corp (3.70%), Artisan Partners Limited Partnership (3.06%) and Geode Capital Management LLC (2.39%). Insiders that own company stock include Jonathan Burrell, Clifton A Pemble, Philip Straub, Patrick Desbois, Cheng-Wei Wang, Douglas G Boessen, Matthew Munn, Susan Lyman, Sean Biddlecombe and Laurie A Minard.
View institutional ownership trends.

How do I buy shares of Garmin?

Shares of GRMN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.

What other stocks do shareholders of Garmin own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Garmin investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), TotalEnergies (TTE), NVIDIA (NVDA) and The RMR Group (RMR).

Company Calendar

• Record date for 6/27 Dividend: 6/16/2025
• Ex-Dividend for 6/27 Dividend: 6/16/2025
• Dividend Payable: 6/27/2025
• Last Earnings: 7/30/2025
• Today: 8/30/2025
• Record date for 9/26 Dividend: 9/12/2025
• Ex-Dividend for 9/26 Dividend: 9/12/2025
• Dividend Payable: 9/26/2025
• Next Earnings (Estimated): 10/29/2025
• Fiscal Year End: 12/31/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: ELEC PRODS - MISC
• Sub-Industry: Consumer Electronics
• Current Symbol: NYSE:GRMN
• CIK: 1121788
• Web: www.garmin.com
• Phone: (152) 630-1600
• Fax: 1-345-945-3390
• Employees: 21,800
• Year Founded: 1989

Price Target and Rating

• Average Price Target for Garmin: $222.00
• High Price Target: $285.00
• Low Price Target: $167.00
• Potential Upside/Downside: -8.3%
• Consensus Rating: Hold
• Rating Score (0-4): 2.00
• Research Coverage: 4 Analysts

Profitability

• EPS (Trailing Twelve Months): $8.11
• Trailing P/E Ratio: 29.84
• Forward P/E Ratio: 31.03
• P/E Growth: 2.65
• Net Income: $1.41 billion
• Net Margins: 23.21%
• Pretax Margin: 27.69%
• Return on Equity: 20.00%
• Return on Assets: 16.19%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.01
• Quick Ratio: 2.09

Sales & Book Value

• Annual Sales: $6.30 billion
• Price / Sales: 7.40
• Cash Flow: $8.41 per share
• Price / Cash Flow: 28.78
• Book Value: $42.21 per share
• Price / Book: 5.73

Miscellaneous

• Outstanding Shares: 192,490,000
• Free Float: 162,888,000
• Market Cap: $46.59 billion
• Optionable: Optionable
• Beta: 0.99