NASDAQ:GRMNGarmin Stock Price, Forecast & News

Garmin's stock was trading at $80.51 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, GRMN stock has increased by 26.8% and is now trading at $102.08.
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9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Garmin in the last year. There are currently 1 sell rating, 4 hold ratings and 4 buy ratings for the stock, resulting in a consensus recommendation of "Hold."
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Garmin is scheduled to release its next quarterly earnings announcement on Wednesday, November 4th 2020.
View our earnings forecast for Garmin.

Garmin Ltd. (NASDAQ:GRMN) issued its quarterly earnings data on Wednesday, July, 29th. The scientific and technical instruments company reported $0.91 earnings per share for the quarter, beating the consensus estimate of $0.38 by $0.53. The scientific and technical instruments company had revenue of $870 million for the quarter, compared to analyst estimates of $666.68 million. Garmin had a net margin of 24.82% and a return on equity of 17.77%. The business's revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the business posted $1.16 earnings per share.
View Garmin's earnings history.

Garmin declared a quarterly dividend on Wednesday, June 10th. Stockholders of record on Monday, March 15th will be paid 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 2.39%. The ex-dividend date of this dividend is Friday, March 12th.
View Garmin's dividend history.

9 brokerages have issued 12 month price targets for Garmin's shares. Their forecasts range from $76.00 to $118.00. On average, they anticipate Garmin's stock price to reach $96.17 in the next year. This suggests that the stock has a possible downside of 5.8%.
View analysts' price targets for Garmin.

News stories about GRMN stock have been trending very positive recently, InfoTrie Sentiment reports. The research group identifies positive and negative news coverage by reviewing more than six thousand news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Garmin earned a media sentiment score of 3.2 on InfoTrie's scale. They also gave media stories about the scientific and technical instruments company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock's share price in the near future.
View the latest news about Garmin.

Garmin saw a drop in short interest during the month of July. As of July 31st, there was short interest totaling 4,100,000 shares, a drop of 8.9% from the July 15th total of 4,500,000 shares. Based on an average trading volume of 1,050,000 shares, the days-to-cover ratio is presently 3.9 days. Currently, 3.0% of the company's stock are short sold.
View Garmin's Short Interest.

Some companies that are related to Garmin include Northrop Grumman (NOC), L3Harris (LHX), Teledyne Technologies (TDY), FLIR Systems (FLIR), Telenav (TNAV), Applied Energetics (AERG), Coda Octopus Group (CODA) and PASSUR Aerospace (PSSR).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Garmin investors own include AT&T (T), Cisco Systems (CSCO), NVIDIA (NVDA), Verizon Communications (VZ), Walt Disney (DIS), Intel (INTC), Alibaba Group (BABA), Home Depot (HD), CVS Health (CVS) and Visa (V).

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

Garmin's stock is owned by a number of retail and institutional investors. Top institutional investors include First Trust Advisors LP (0.99%), Robeco Institutional Asset Management B.V. (0.69%), Swiss National Bank (0.34%), M&G Investment Management Ltd. (0.33%), New York State Common Retirement Fund (0.28%) and Raymond James & Associates (0.20%). 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.

GRMN stock was sold by a variety of institutional investors in the last quarter, including Robeco Institutional Asset Management B.V., Victory Capital Management Inc., Railway Pension Investments Ltd, Envestnet Asset Management Inc., Wedge Capital Management L L P NC, WINTON GROUP Ltd, Zurcher Kantonalbank Zurich Cantonalbank, and Oregon Public Employees Retirement Fund. Company insiders that have sold Garmin company stock in the last year include Clifton A Pemble, Matthew Munn, Min H Kao, Patrick Desbois, and Sean Biddlecombe.
View insider buying and selling activity for Garmin.

GRMN stock was purchased by a variety of institutional investors in the last quarter, including First Trust Advisors LP, Raymond James & Associates, Avalon Investment & Advisory, BNP PARIBAS ASSET MANAGEMENT Holding S.A., Assenagon Asset Management S.A., Eagle Ridge Investment Management, State of Alaska Department of Revenue, and DekaBank Deutsche Girozentrale.
View insider buying and selling activity for 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.

One share of GRMN stock can currently be purchased for approximately $102.08.

Garmin has a market capitalization of $19.52 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.

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

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]