Garmin Ltd. (NYSE:GRMN) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Analyst consensus: Seven brokers rate Garmin a "Moderate Buy" (3 hold, 2 buy, 2 strong buy) with an average 12‑month price target of $268.40.
• Quarterly beat and guidance: Garmin reported $2.08 EPS vs. $1.84 expected and revenue of $1.75B (+14% YoY), and set FY2026 EPS guidance at $9.35 (sell‑side consensus $9.43), with ROE around 20% and a ~23% net margin.
• Shareholder returns and insider activity: The company announced a $1.05 quarterly dividend ($4.20 annual, ~1.7% yield) while insiders sold roughly 40,725 shares (~$10.2M) in the past three months and institutions own about 81.6% of the stock.

Shares of Garmin Ltd. (NYSE:GRMN - Get Free Report) have received a consensus rating of "Moderate Buy" from the seven brokerages that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $268.40.

Several brokerages have issued reports on GRMN. Morgan Stanley set a $249.00 price target on shares of Garmin in a report on Thursday. Zacks Research raised shares of Garmin from a "hold" rating to a "strong-buy" rating in a report on Monday, February 23rd. Barclays decreased their target price on shares of Garmin from $240.00 to $238.00 and set an "equal weight" rating on the stock in a research report on Thursday. Tigress Financial increased their price target on shares of Garmin from $310.00 to $320.00 and gave the stock a "strong-buy" rating in a research report on Friday, February 20th. Finally, JPMorgan Chase & Co. raised their price target on shares of Garmin from $265.00 to $285.00 and gave the stock a "neutral" rating in a research note on Thursday, April 16th.

Garmin Trading Down 3.5%

Shares of GRMN stock opened at $242.32 on Friday. Garmin has a 12 month low of $184.47 and a 12 month high of $273.32. The company has a market capitalization of $46.74 billion, a P/E ratio of 27.01, a P/E/G ratio of 3.00 and a beta of 0.96. The stock has a 50 day moving average of $247.43 and a two-hundred day moving average of $223.42.

Garmin (NYSE:GRMN - Get Free Report) last issued its earnings results on Wednesday, April 29th. The scientific and technical instruments company reported $2.08 EPS for the quarter, beating analysts' consensus estimates of $1.84 by $0.24. The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. Garmin had a return on equity of 20.07% and a net margin of 23.26%.Garmin's revenue was up 14.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.61 earnings per share. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. Sell-side analysts predict that Garmin will post 9.43 earnings per share for the current fiscal year.

Garmin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 26th. Stockholders of record on Friday, March 12th will be issued a $1.05 dividend. The ex-dividend date of this dividend is Friday, March 12th. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.7%. Garmin's dividend payout ratio is presently 46.82%.

Insider Buying and Selling at Garmin

In other Garmin news, COO Patrick Desbois sold 6,694 shares of the stock in a transaction on Thursday, February 26th. The stock was sold at an average price of $251.65, for a total transaction of $1,684,545.10. Following the completion of the transaction, the chief operating officer directly owned 58,540 shares in the company, valued at $14,731,591. This represents a 10.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Susan Lyman sold 3,805 shares of Garmin stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $251.32, for a total value of $956,272.60. Following the transaction, the vice president directly owned 7,471 shares of the company's stock, valued at approximately $1,877,611.72. The trade was a 33.74% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 40,725 shares of company stock worth $10,213,222 over the last three months. 15.38% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Garmin

A number of hedge funds have recently made changes to their positions in GRMN. Vanguard Group Inc. boosted its position in Garmin by 2.5% in the third quarter. Vanguard Group Inc. now owns 20,197,564 shares of the scientific and technical instruments company's stock valued at $4,973,044,000 after buying an additional 499,235 shares in the last quarter. State Street Corp increased its holdings in shares of Garmin by 1.8% during the third quarter. State Street Corp now owns 7,250,844 shares of the scientific and technical instruments company's stock worth $1,785,304,000 after buying an additional 126,677 shares in the last quarter. Norges Bank acquired a new stake in shares of Garmin during the fourth quarter worth approximately $395,234,000. Northern Trust Corp raised its stake in shares of Garmin by 3.8% in the fourth quarter. Northern Trust Corp now owns 1,719,677 shares of the scientific and technical instruments company's stock valued at $348,836,000 after acquiring an additional 63,283 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Garmin by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,591,369 shares of the scientific and technical instruments company's stock valued at $322,837,000 after acquiring an additional 96,850 shares during the last quarter. Institutional investors and hedge funds own 81.60% of the company's stock.

Garmin Company Profile

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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