Garmin Ltd. (NYSE:GRMN) Given Average Recommendation of "Moderate Buy" by Brokerages

Key Points

• Analyst consensus: Seven analysts give Garmin an average recommendation of "Moderate Buy" (1 sell, 2 holds, 2 buys, 2 strong buys) with an average 1‑year price target of $254.
• Earnings and outlook: Garmin beat Q4 estimates with EPS of $2.79 vs. $2.39 and revenue of $2.12B (+16.6% YoY), and issued FY2026 guidance of 9.35 EPS versus analysts' ~7.8 EPS expectation.
• Insider activity and dividend: CEO and CFO sold shares as insiders disposed of 57,319 shares (~$13.65M) in the last three months, and the company declared a quarterly dividend of $1.05 per share (annual $4.20, ~1.8% yield).

Garmin Ltd. (NYSE:GRMN - Get Free Report) has earned an average recommendation of "Moderate Buy" from the seven analysts that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and two have given a strong buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $254.00.

GRMN has been the subject of several research reports. JPMorgan Chase & Co. boosted their price objective on shares of Garmin from $250.00 to $265.00 and gave the company a "neutral" rating in a research report on Thursday, February 19th. Longbow Research raised shares of 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. Zacks Research upgraded Garmin from a "hold" rating to a "strong-buy" rating in a report on Monday, February 23rd. Barclays set a $240.00 price objective on Garmin in a research note on Thursday, February 19th. Finally, Tigress Financial lifted their target price on Garmin from $310.00 to $320.00 and gave the company a "strong-buy" rating in a research report on Friday, February 20th.

Insider Transactions at Garmin

In related news, CEO Clifton A. Pemble sold 19,914 shares of the business's stock in a transaction that occurred on Thursday, February 26th. The shares were sold at an average price of $251.58, for a total value of $5,009,964.12. Following the completion of the transaction, the chief executive officer owned 124,075 shares of the company's stock, valued at $31,214,788.50. The trade was a 13.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Douglas G. Boessen sold 3,487 shares of the company'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 represents a 11.06% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 57,319 shares of company stock worth $13,650,815. Insiders own 15.38% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the stock. Richardson Financial Services Inc. boosted its position in Garmin by 62.2% during the third quarter. Richardson Financial Services Inc. now owns 133 shares of the scientific and technical instruments company's stock valued at $33,000 after purchasing an additional 51 shares in the last quarter. Reflection Asset Management bought a new position in Garmin in the fourth quarter worth about $32,000. Cornerstone Planning Group LLC raised its holdings in Garmin by 788.9% in the third quarter. Cornerstone Planning Group LLC now owns 160 shares of the scientific and technical instruments company's stock worth $39,000 after purchasing an additional 142 shares in the last quarter. Atlas Capital Advisors Inc. purchased a new stake in shares of Garmin during the fourth quarter valued at about $34,000. Finally, Tradewinds Capital Management LLC bought a new stake in shares of Garmin in the 3rd quarter valued at about $44,000. 81.60% of the stock is owned by institutional investors.

Garmin Stock Down 0.2%

GRMN stock opened at $235.64 on Friday. Garmin has a twelve month low of $169.26 and a twelve month high of $261.69. The firm has a market cap of $45.36 billion, a price-to-earnings ratio of 27.40, a PEG ratio of 2.83 and a beta of 0.94. The business's fifty day simple moving average is $220.61 and its two-hundred day simple moving average is $222.05.

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

Garmin Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Friday, March 12th. This represents a $4.20 dividend on an annualized basis and a yield of 1.8%. Garmin's dividend payout ratio (DPR) is 41.86%.

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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