NASDAQ:GRMN

Garmin Stock Forecast, Price & News

$171.81
+2.46 (+1.45 %)
(As of 09/23/2021 04:00 PM ET)
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Today's Range
$169.36
$172.82
50-Day Range
$147.63
$178.38
52-Week Range
$91.84
$178.80
Volume670,166 shs
Average Volume660,771 shs
Market Capitalization$33.04 billion
P/E Ratio27.98
Dividend Yield1.58%
Beta0.99
30 days | 90 days | 365 days | Advanced Chart
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Garmin logo

About Garmin

Garmin Ltd. is a holding company, which engages in the provision of navigation, communications and information devices, most of which are enabled by Global Positioning System (GPS) technology. It operates through the following five segments: Marine, Outdoor, Fitness, Auto and Aviation. The Marine segment manufactures and offers recreational marine electronics such as cartography, Sounders, Radar, Autopilot Systems and Sailing. The Outdoor segment offers products designed for use in outdoor activities such as Outdoor Handhelds, Adventure Watches, Golf Devices, Dog Tracking & Training Device, Garmin Connect & Garmin Connect Mobile and Connect IQ. The Fitness segment involves in products designed for use in fitness and activity tracking such as Running & Multi-Sport Watches, Cycling Computers, Power Mete, Safety & Awareness and Activity Tracking Devices. The Auto segment offers products designed for use in the auto market such as Personal Navigation Devices, Original Equipment Manufacturer (OEM) Solutions and Cameras. The Aviation segment provides solutions to aircraft manufacturers, existing aircraft owners and operators, as well as government/defense customers. The company was found

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MarketRank

Overall MarketRank

2.52 out of 5 stars

Computer And Technology Sector

122nd out of 858 stocks

Search & Navigation Equipment Industry

3rd out of 10 stocks

Analyst Opinion: 1.3Community Rank: 3.6Dividend Strength: 2.5Insider Behavior: 3.3Valuation: 1.9 5 -4 -3 -2 -1 -
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Garmin (NASDAQ:GRMN) Frequently Asked Questions

Is Garmin a buy right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Garmin in the last twelve months. There are currently 4 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "buy" Garmin stock.
View analyst ratings for Garmin
or view top-rated stocks.

What stocks does MarketBeat like better than Garmin?

Wall Street analysts have given Garmin a "Buy" rating, but there may be better buying opportunities in the stock market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new stock ideas, but Garmin wasn't one of them. MarketBeat thinks these five companies 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, October 27th 2021.
View our earnings forecast for Garmin
.

How were Garmin's earnings last quarter?

Garmin Ltd. (NASDAQ:GRMN) announced its earnings results on Wednesday, July, 28th. The scientific and technical instruments company reported $1.68 earnings per share for the quarter, topping the consensus estimate of $1.23 by $0.45. The scientific and technical instruments company earned $1.33 billion during the quarter, compared to the consensus estimate of $1.07 billion. Garmin had a trailing twelve-month return on equity of 21.68% and a net margin of 24.36%.
View Garmin's earnings history
.

How has Garmin's stock been impacted by Coronavirus?

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 113.4% and is now trading at $171.81.
View which stocks have been most impacted by COVID-19
.

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

Garmin announced a quarterly dividend on Wednesday, June 9th. Investors of record on Tuesday, March 15th will be given a dividend of $0.67 per share on Thursday, March 31st. This represents a $2.68 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Monday, March 14th.
View Garmin's dividend history
.

Is Garmin a good dividend stock?

Garmin pays an annual dividend of $2.68 per share and currently has a dividend yield of 1.58%. Garmin does not yet have a strong track record of dividend growth. The dividend payout ratio of Garmin is 52.14%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Garmin will have a dividend payout ratio of 42.47% 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 issued an update on its FY 2021 earnings guidance on Wednesday, August, 4th. The company provided earnings per share guidance of $5.500-$5.500 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $5.430. The company issued revenue guidance of $4.90 billion-$4.90 billion, compared to the consensus revenue estimate of $4.71 billion.

What price target have analysts set for GRMN?

7 Wall Street analysts have issued 12 month price targets for Garmin's shares. Their forecasts range from $133.00 to $198.00. On average, they expect Garmin's stock price to reach $154.67 in the next twelve months. This suggests that the stock has a possible downside of 10.0%.
View analysts' price targets for Garmin
or view top-rated stocks among Wall Street analysts.

Who are Garmin's key executives?

Garmin's management team includes the following people:
  • Clifton Albert Pemble, President, Chief Executive Officer & Director
  • Douglas Gerard Boessen, Treasurer, Chief Financial & Accounting Officer
  • Philip I. Straub, Executive VP & Managing Director-Aviation
  • Andrew Russell Etkind, Secretary, Vice President & General Counsel
  • Teri Seck, Manager-Investor Relations

What is Clifton Pemble's approval rating as Garmin's CEO?

356 employees have rated Garmin CEO Clifton Pemble on Glassdoor.com. Clifton Pemble has an approval rating of 96% among Garmin's employees. This puts Clifton Pemble in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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).

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 institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.62%), BlackRock Inc. (6.81%), State Street Corp (3.37%), Geode Capital Management LLC (1.57%), JPMorgan Chase & Co. (1.47%) and FMR LLC (1.22%). Company insiders that own Garmin stock include Clifton A Pemble, Douglas G Boessen, Jonathan Burrell, Joseph J Hartnett, Matthew Munn, Min H Kao, Patrick Desbois, Philip Straub and Sean Biddlecombe.
View institutional ownership trends for Garmin
.

Which institutional investors are selling Garmin stock?

GRMN stock was sold by a variety of institutional investors in the last quarter, including Los Angeles Capital Management LLC, Wells Fargo & Company MN, Avalon Investment & Advisory, Marshall Wace North America L.P., AQR Capital Management LLC, New York State Common Retirement Fund, Renaissance Technologies LLC, and Sit Investment Associates Inc.. Company insiders that have sold Garmin company stock in the last year include Clifton A Pemble, Douglas G Boessen, Jonathan Burrell, Matthew Munn, Patrick Desbois, Philip Straub, and Sean Biddlecombe.
View insider buying and selling activity for Garmin
or view top insider-selling stocks.

Which institutional investors are buying Garmin stock?

GRMN stock was purchased by a variety of institutional investors in the last quarter, including Amundi, Macquarie Group Ltd., Morgan Stanley, Morgan Stanley, Alliancebernstein L.P., Vanguard Group Inc., State Street Corp, and JPMorgan Chase & Co..
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.
Compare Top Brokerages Here.

What is Garmin's stock price today?

One share of GRMN stock can currently be purchased for approximately $171.81.

How much money does Garmin make?

Garmin has a market capitalization of $33.04 billion and generates $4.19 billion in revenue each year. The scientific and technical instruments company earns $992.32 million in net income (profit) each year or $5.14 on an earnings per share basis.

How many employees does Garmin have?

Garmin employs 16,000 workers across the globe.

Does Garmin have any subsidiaries?

The following companies are subsidiares of Garmin: ActiveCaptain, Alphamantis Technologies, Belanor AS, DeLorme, Digital Cyclone, Dynastream Innovations, EME Tec Sat SAS, EmpirBus, Fairpoint Navigation A/S, Firstbeat Analytics, Flight Plan, Flight Plan LLC, Formar Electronics N.V./S.A., Fusion Electronics, Garmap (Pty) Ltd., Garmin (Europe) Ltd., Garmin AT Inc., Garmin Africa Holdings (Pty) Ltd., Garmin Argentina SRL, Garmin Australasia Pty Ltd., Garmin Austria GmbH, Garmin Austria Holding GmbH, Garmin Belux NV/SA, Garmin Brasil Comércio de Tecnologias Ltda., Garmin Canada Inc., Garmin Chile Lda, Garmin Chile Lda., Garmin China ChengDu Co. Ltd., Garmin China Co. Ltd., Garmin China Shanghai Co. Ltd., Garmin China Shanghai RHQ Co. Ltd., Garmin China Yangzhou Co. Ltd., Garmin Cluj SRL, Garmin Comercializadora S. de RL. de CV, Garmin Corporation, Garmin Czech s.r.o, Garmin Danmark Ejendomme ApS, Garmin Deutschland Beteiligungs GmbH, Garmin Deutschland GmbH, Garmin France SAS, Garmin Hrvatska d.o.o., Garmin Iberia S.A., Garmin Iberia SA, Garmin India Private Ltd., Garmin International Inc., Garmin Italia S.p.A., Garmin Italia S.r.l., Garmin Japan Ltd., Garmin Korea Ltd., Garmin Luxembourg Holdings S.à r.l., Garmin Luxembourg S.à r.l., Garmin Navigation Mexico S de RL de CV, Garmin Nederland B.V., Garmin New Zealand Ltd., Garmin Nordic Denmark A/S, Garmin Nordic Finland Holding Oy, Garmin Nordic Finland Oy, Garmin Nordic Norway AS, Garmin Nordic Norway Holding AS, Garmin Nordic Sweden AB, Garmin North America Inc., Garmin Polska Sp. z o.o., Garmin Realty LLC, Garmin Services Inc., Garmin Singapore Pte. Ltd, Garmin Southern Africa (Pty) Ltd., Garmin Spain S.L.U., Garmin Switzerland Distribution GmbH, Garmin Switzerland GmbH, Garmin USA Inc., Garmin Würzburg GmbH, Garmin trgovina in servis d.o.o., Iiyonet, MetriGear, MotionBased Technologies, Nautamatic Marine Systems, Navcor Oy, Navigon, Navionics, Navionics Inc., Navionics OÜ, Navionics S.r.l., Navionics Technologies Pvt. Ltd., Nexus Marine AB, PulsedLight, Sportsmanship International AB, Tri-Tronics, UPS Aviation Technologies, and iKubu.

When was Garmin founded?

Garmin was founded in 1989.

What is Garmin's official website?

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

Where are Garmin's headquarters?

Garmin is headquartered at MUHLENTALSTRASSE 2, SCHAFFHAUSEN V8, CH-8200.

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 (152) 630-1600 or via email at [email protected].


This page was last updated on 9/24/2021 by MarketBeat.com Staff
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