NASDAQ:GRMN

Garmin Stock Forecast, Price & News

$124.48

+1.79 (+1.46 %)

(As of 01/20/2021 10:15 AM ET)

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Today's Range

$122.90

Now: $124.48▼

$124.86

50-Day Range

$116.76

MA: $120.03▼

$122.85

52-Week Range

$61.04

Now: $124.48▼

$123.55

Volume3,646 shs

Average Volume673,073 shs

Market Capitalization$23.81 billion

P/E Ratio23.40

Dividend Yield2.02%

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.

MarketRank^™

Overall MarketRank^™

1.87 out of 5 stars

Computer And Technology Sector

114th out of 1,517 stocks

Search & Navigation Equipment Industry

3rd out of 14 stocks

2.3 Analyst's Opinion

Consensus Rating
Garmin has received a consensus rating of Buy. The company's average rating score is 2.50, and is based on 5 buy ratings, 5 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $117.00, Garmin has a forecasted downside of 6.1% from its current price of $124.58.
Amount of Analyst Coverage
Garmin has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

1.9 Community Rank

Outperform Votes
Garmin has received 424 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Garmin has received 716 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Garmin has received 62.81% “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 2.02%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Garmin has only been increasing its dividend for 3 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 48.03% 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 $2,217,482.00 in company stock.
Percentage Held by Insiders
Only 22.00% of the stock of Garmin is held by insiders.
Percentage Held by Institutions
49.56% of the stock of Garmin is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Garmin are expected to grow by 6.28% in the coming year, from $4.78 to $5.08 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Garmin is 23.42, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 23.60.
Price to Earnings Ratio vs. Sector
The P/E ratio of Garmin is 23.42, 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 83.11.
Price to Earnings Growth Ratio
Garmin has a PEG Ratio of 3.50. 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 5.15. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

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 Ratio23.40

Forward P/E Ratio26.04

P/E Growth3.5

Sales & Book Value

Annual Sales$3.76 billion

Price / Sales6.34

Cash Flow$4.97 per share

Price / Cash Flow25.06

Book Value$24.20 per share

Price / Book5.14

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$23.81 billion

Next Earnings Date2/17/2021 (Confirmed)

OptionableOptionable

$124.48

+1.79 (+1.46 %)

(As of 01/20/2021 10:15 AM ET)

30 days | 90 days | 365 days | Advanced Chart

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Garmin (NASDAQ:GRMN) Frequently Asked Questions

How has Garmin's stock price 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 (WHO). Since then, GRMN stock has increased by 52.4% and is now trading at $122.69.
View which stocks have been most impacted by COVID-19.

Is Garmin a buy right now?

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Garmin in the last year. There are currently 5 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" Garmin stock.
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 past winning trading ideas 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) issued its quarterly earnings data on Wednesday, October, 28th. The scientific and technical instruments company reported $1.58 earnings per share for the quarter, topping the 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 analyst estimates 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. Shareholders 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 yield of 1.99%. The ex-dividend date of this dividend is Friday, March 12th.
View Garmin's dividend history.

Is Garmin a good dividend stock?

Garmin pays an annual dividend of $2.44 per share and currently has a dividend yield of 2.02%. Garmin has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strock track record of dividend growth. The dividend payout ratio of Garmin is 54.83%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Garmin will have a dividend payout ratio of 48.03% next year. This indicates that Garmin will be able to sustain or increase its dividend.
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 EPS guidance of $4.70 for the period, compared to the Thomson Reuters consensus 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?

10 brokers have issued 1 year target prices for Garmin's shares. Their forecasts range from $95.00 to $146.00. On average, they anticipate Garmin's stock price to reach $117.00 in the next twelve months. This suggests that the stock has a possible downside of 4.6%.
View analysts' price targets for Garmin or view Wall Street analyst' top-rated stocks.

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), Applied Energetics (AERG), Coda Octopus Group (CODA), MIND Technology (MIND), PASSUR Aerospace (PSSR), Applied Science Products (APLD), Global Ecology (GLEC) and Location Based Technologies (LBAS).
View all of GRMN's 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 many different retail and institutional investors. Top institutional investors include Wedge Capital Management L L P NC (0.13%), Scout Investments Inc. (0.09%), Baldwin Brothers Inc. MA (0.04%), Crossmark Global Holdings Inc. (0.04%), Contravisory Investment Management Inc. (0.04%) and State of Alaska Department of Revenue (0.03%). 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 Wedge Capital Management L L P NC, State of Alaska Department of Revenue, Crossmark Global Holdings Inc., Radnor Capital Management LLC, Scout Investments Inc., Valicenti Advisory Services Inc., Investment House LLC, and Raymond James Trust N.A.. 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 or view top insider-selling stocks.

Which major investors are buying Garmin stock?

GRMN stock was acquired by a variety of institutional investors in the last quarter, including Baldwin Brothers Inc. MA, MinichMacGregor Wealth Management LLC, Redpoint Investment Management Pty Ltd, Park National Corp OH, Vigilare Wealth Management, Charles Schwab Trust Co, Louisiana State Employees Retirement System, and Park Avenue Securities LLC.
View insider buying and selling activity for Garmin or or view top insider-buying stocks.

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 WeBull, 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 $122.69.

How big of a company is Garmin?

Garmin has a market capitalization of $23.46 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 1/20/2021 by MarketBeat.com Staff

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