NASDAQ:GRMNGarmin Stock Price, Forecast & News

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 stock has increased by 26.1% and is now trading at $101.50.
View which stocks have been most impacted by COVID-19.

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."
View analyst ratings for Garmin.

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) announced its quarterly earnings results on Wednesday, July, 29th. The scientific and technical instruments company reported $0.91 EPS for the quarter, beating analysts' consensus estimates of $0.38 by $0.53. The scientific and technical instruments company earned $870 million during 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 company's revenue was down 8.9% on a year-over-year basis. During the same quarter last year, the company earned $1.16 earnings per share.
View Garmin's earnings history.

Garmin announced a quarterly dividend on Wednesday, June 10th. Investors 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 2.40%. The ex-dividend date is Friday, March 12th.
View Garmin's dividend history.

9 equities research analysts have issued 1 year target prices 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 5.3%.
View analysts' price targets for Garmin.

News stories about GRMN stock have trended extremely negative recently, according to InfoTrie. The research firm identifies negative and positive media coverage by monitoring more than six thousand blog and news sources. The firm ranks coverage of companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Garmin earned a news sentiment score of -4.1 on InfoTrie's scale. They also assigned media stories about the scientific and technical instruments company a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an impact 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 February. As of February 15th, there was short interest totaling 2,310,000 shares, a drop of 16.9% from the January 31st total of 2,780,000 shares. Based on an average trading volume of 820,700 shares, the days-to-cover ratio is presently 2.8 days. Currently, 1.7% of the shares of the 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).
View all competitors.

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

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

Garmin's stock is owned by a number of institutional and retail investors. Top institutional shareholders include First Trust Advisors LP (0.99%), Robeco Institutional Asset Management B.V. (0.69%), Bank of New York Mellon Corp (0.66%), California Public Employees Retirement System (0.55%), Goldman Sachs Group Inc. (0.47%) and Swiss National Bank (0.34%). 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., Teacher Retirement System of Texas, Victory Capital Management Inc., Railway Pension Investments Ltd, State of Wisconsin Investment Board, Envestnet Asset Management Inc., Wedge Capital Management L L P NC, and WINTON GROUP Ltd. 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 bought 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., Ceredex Value Advisors LLC, Twin Tree Management LP, Telemark Asset Management LLC, and Assenagon Asset Management S.A..
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 $101.50.

Garmin has a market capitalization of $19.41 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]