NASDAQ:GRMN

Garmin Stock Forecast, Price & News

$119.24

+0.76 (+0.64 %)

(As of 12/3/2020 04:43 PM ET)

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Today's Range

$118.24

Now: $119.24▼

$119.60

50-Day Range

$97.57

MA: $109.05▼

$119.80

52-Week Range

$61.04

Now: $119.24▼

$120.42

Volume559,719 shs

Average Volume966,162 shs

Market Capitalization$22.80 billion

P/E Ratio22.41

Dividend Yield2.06%

Beta0.98

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide. It operates through five segments: Auto, Aviation, Marine, Outdoor, and Fitness. The Auto segment offers personal navigation devices; infotainment systems; and action cameras, as well as mobile applications under the Garmin and NAVIGON names. The Aviation segment provides navigation, communication, flight control, hazard avoidance, weather radar, radar altimeter, datalink weather, in-cockpit and cloud connectivity, voice controls, and other products and services; wearables, portables, apps, training, simulation, and aviation data services; and traffic collision avoidance, engine information, and terrain awareness and warning systems. This segment also offers controller-pilot data link, a suite of automatic dependent surveillance broadcast solutions. The Marine segment provides chartplotters and multi-function displays, Cartography Products, fish finders, sounders, autopilot systems, radars, compliant instrument displays, VHF communication radios, handhelds and wearable devices, sailing products, and entertainment products. The Outdoor segment offers outdoor handhelds, wearable devices, golf devices, and dog tracking and training/pet obedience devices. The Fitness segment provides running/multi-sport watches, cycling computers, cycling power meters, cycling safety and awareness products, and Connect IQ and activity tracking devices, as well as Garmin Connect and Garmin Connect Mobile, which are Web and mobile platforms for users to track and analyze their fitness and wellness data. The company sells its global positioning system receivers and accessories to retail outlets; and aviation products to aviation dealers and aircraft manufacturers through a network of independent dealers and distributors. Garmin Ltd. was founded in 1990 and is based in Schaffhausen, Switzerland.

Beat the Market (BTM) Rank^™

1.3 Analyst's Opinion

Consensus Rating
Garmin has received a consensus rating of Buy. The company's average rating score is 2.56, and is based on 5 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $109.33, Garmin has a forecasted downside of 8.3% from its current price of $119.21.
Amount of Analyst Coverage
Garmin has only been the subject of 4 research reports in the past 90 days.

1.9 Community Rank

Outperform Votes
Garmin has received 422 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Garmin has received 713 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Garmin has received 62.82% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Garmin and other stocks. Vote “Outperform” if you believe GRMN will outperform the S&P 500 over the long term. Vote “Underperform” if you believe GRMN will underperform the S&P 500 over the long term. You may vote once every thirty days.

2.5 Dividend Strength

Dividend Yield
Garmin pays a meaningful dividend of 2.04%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Garmin has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Garmin is 54.83%. 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 48.22% next year. This indicates that Garmin will be able to sustain or increase its dividend.

0.8 Company Ownership

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 $1,212,472.00 in company stock.
Percentage Held by Insiders
Only 22.00% of the stock of Garmin is held by insiders.
Percentage Held by Institutions
47.28% of the stock of Garmin is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3 Earnings and Valuation

Earnings Growth
Earnings for Garmin are expected to grow by 5.64% in the coming year, from $4.79 to $5.06 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Garmin is 22.41, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 21.57.
Price to Earnings Ratio vs. Sector
The P/E ratio of Garmin is 22.41, 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 77.81.
Price to Earnings Growth Ratio
Garmin has a PEG Ratio of 3.57. 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 4.47. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

1.55 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NASDAQ

Industry Search & navigation equipment

Sub-IndustryConsumer Electronics

SectorComputer and Technology

Current SymbolNASDAQ:GRMN

Previous Symbol

CUSIPH2906T10

CIK1121788

Webwww.garmin.com

Phone41-52-630-1600

Employees15,000

Debt

Debt-to-Equity RatioN/A

Current Ratio2.98

Quick Ratio2.24

Price-To-Earnings

Trailing P/E Ratio22.41

Forward P/E Ratio24.89

P/E Growth3.57

Sales & Book Value

Annual Sales$3.76 billion

Price / Sales6.07

Cash Flow$4.94 per share

Price / Cash Flow24.14

Book Value$26.69 per share

Price / Book4.47

Profitability

EPS (Most Recent Fiscal Year)$4.45

Net Income$952.49 million

Net Margins25.89%

Return on Equity18.38%

Return on Assets14.39%

Miscellaneous

Outstanding Shares191,237,000

Market Cap$22.80 billion

Next Earnings Date2/17/2021 (Estimated)

OptionableOptionable

$119.24

+0.76 (+0.64 %)

(As of 12/3/2020 04:43 PM ET)

30 days | 90 days | 365 days | Advanced Chart

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Garmin (NASDAQ:GRMN) Frequently Asked Questions

How has Garmin's stock been impacted by COVID-19 (Coronavirus)?

Garmin's stock was trading at $80.51 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, GRMN shares have increased by 48.1% and is now trading at $119.21.
View which stocks have been most impacted by COVID-19.

Do Wall Street analysts recommend investors buy shares of Garmin?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Garmin in the last year. There are currently 4 hold ratings and 5 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Garmin or view MarketBeat's top 5 stock picks.

What stocks does MarketBeat like better than Garmin?

Wall Street analysts have given Garmin a "Buy" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's winning trading ideas this year have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Garmin wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
View MarketBeat's top stock picks here.

When is Garmin's next earnings date?

Garmin is scheduled to release its next quarterly earnings announcement on Wednesday, February 17th 2021.
View our earnings forecast for Garmin.

How were Garmin's earnings last quarter?

Garmin Ltd. (NASDAQ:GRMN) announced its quarterly earnings data on Wednesday, October, 28th. The scientific and technical instruments company reported $1.58 EPS for the quarter, topping the Thomson Reuters' consensus estimate of $1.01 by $0.57. The scientific and technical instruments company had revenue of $1.11 billion for the quarter, compared to analysts' expectations of $907.36 million. Garmin had a net margin of 25.89% and a return on equity of 18.38%.
View Garmin's earnings history.

How often does Garmin pay dividends? What is the dividend yield for Garmin?

Garmin declared a quarterly dividend on Wednesday, June 10th. Stockholders of record on Monday, March 15th will be given a dividend of $0.61 per share on Wednesday, March 31st. This represents a $2.44 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date is Friday, March 12th.
View Garmin's dividend history.

What guidance has Garmin issued on next quarter's earnings?

Garmin updated its FY20 earnings guidance on Wednesday, October, 28th. The company provided earnings per share (EPS) guidance of $4.70 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.07. The company issued revenue guidance of $4.0 B, compared to the consensus revenue estimate of $3.75 billion.

What price target have analysts set for GRMN?

9 analysts have issued 12 month target prices for Garmin's stock. Their forecasts range from $95.00 to $120.00. On average, they expect Garmin's stock price to reach $109.33 in the next year. This suggests that the stock has a possible downside of 8.3%.
View analysts' price targets for Garmin.

Are investors shorting Garmin?

Garmin saw a increase in short interest in the month of November. As of November 15th, there was short interest totaling 2,050,000 shares, an increase of 9.6% from the October 31st total of 1,870,000 shares. Based on an average trading volume of 794,100 shares, the days-to-cover ratio is presently 2.6 days. Approximately 1.4% of the company's shares are short sold.
View Garmin's Short Interest.

Who are some of Garmin's key competitors?

Some companies that are related to Garmin include Northrop Grumman (NOC), L3Harris Technologies (LHX), Teledyne Technologies (TDY), FLIR Systems (FLIR), Telenav (TNAV), Coda Octopus Group (CODA), Applied Energetics (AERG), PASSUR Aerospace (PSSR), Applied Science Products (APLD), Global Ecology (GLEC) and Location Based Technologies (LBAS).
View all competitors.

What other stocks do shareholders of Garmin own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Garmin investors own include NVIDIA (NVDA), Intel (INTC), AT&T (T), Cisco Systems (CSCO), The Walt Disney (DIS), Verizon Communications (VZ), QUALCOMM (QCOM), Visa (V), Alibaba Group (BABA) and Pfizer (PFE).

Who are Garmin's key executives?

Garmin's management team includes the following people:

Dr. Min-Hwan Kao, Co-Founder & Exec. Chairman (Age 71, Pay $383.31k)
Mr. Clifton Albert Pemble, Pres, CEO & Director (Age 54, Pay $1.03M)
Mr. Douglas Gerard Boessen, CFO, Principal Accounting Officer & Treasurer (Age 57, Pay $649.13k)
Mr. Andrew R. Etkind, VP, Gen. Counsel & Sec. (Age 64, Pay $1.02M)
Mr. Philip I. Straub, Exec. VP & MD of Aviation - Garmin International, Inc
Mr. Patrick G. Desbois, Exec. VP of Operations - Garmin International, Inc.
Ms. Teri Seck, Mang. of Investor Relations
Mr. Ted Gartner, Director of Corp. Communications
Mr. Sean Biddlecombe, Managing Director of EMEA

What is Garmin's stock symbol?

Garmin trades on the NASDAQ under the ticker symbol "GRMN."

Who are Garmin's major shareholders?

Garmin's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (6.95%), State Street Corp (3.42%), JPMorgan Chase & Co. (1.47%), First Trust Advisors LP (1.04%), Wells Fargo & Company MN (1.00%) and AQR Capital Management LLC (0.87%). Company insiders that own Garmin stock include Clifton A Pemble, Joseph J Hartnett, Matthew Munn, Min H Kao, Patrick Desbois and Sean Biddlecombe.
View institutional ownership trends for Garmin.

Which major investors are selling Garmin stock?

GRMN stock was sold by a variety of institutional investors in the last quarter, including JPMorgan Chase & Co., Allianz Asset Management GmbH, Ceredex Value Advisors LLC, Assenagon Asset Management S.A., Achmea Investment Management B.V., Cubist Systematic Strategies LLC, Robeco Institutional Asset Management B.V., and Teacher Retirement System of Texas. Company insiders that have sold Garmin company stock in the last year include Clifton A Pemble, Matthew Munn, Patrick Desbois, and Sean Biddlecombe.
View insider buying and selling activity for Garmin.

Which major investors are buying Garmin stock?

GRMN stock was purchased by a variety of institutional investors in the last quarter, including AQR Capital Management LLC, Arrowstreet Capital Limited Partnership, DekaBank Deutsche Girozentrale, Morgan Stanley, Wells Fargo & Company MN, UBS Asset Management Americas Inc., First Trust Advisors LP, and BlackRock Inc..
View insider buying and selling activity for Garmin.

How do I buy shares of Garmin?

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

What is Garmin's stock price today?

One share of GRMN stock can currently be purchased for approximately $119.21.

How big of a company is Garmin?

Garmin has a market capitalization of $22.80 billion and generates $3.76 billion in revenue each year. The scientific and technical instruments company earns $952.49 million in net income (profit) each year or $4.45 on an earnings per share basis. Garmin employs 15,000 workers across the globe.

What is Garmin's official website?

The official website for Garmin is www.garmin.com.

How can I contact Garmin?

Garmin's mailing address is MUHLENTALSTRASSE 2, SCHAFFHAUSEN V8, CH-8200. The scientific and technical instruments company can be reached via phone at 41-52-630-1600 or via email at [email protected]

This page was last updated on 12/3/2020 by MarketBeat.com Staff

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