Garmin Stock Forecast, Price & News

Garmin's stock was trading at $80.51 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, GRMN stock has increased by 22.0% and is now trading at $98.20.
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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."
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) posted its quarterly earnings results on Wednesday, July, 29th. The scientific and technical instruments company reported $0.91 EPS for the quarter, topping the Zacks' consensus estimate of $0.38 by $0.53. The scientific and technical instruments company earned $870 million during the quarter, compared to analysts' expectations of $666.68 million. Garmin had a return on equity of 17.77% and a net margin of 24.82%. The company's revenue for the quarter was down 8.9% on a year-over-year basis. During the same period last year, the firm earned $1.16 EPS.
View Garmin's earnings history.

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 2.48%. The ex-dividend date of this dividend is Friday, March 12th.
View Garmin's dividend history.

9 Wall Street analysts have issued twelve-month price objectives for Garmin's stock. Their forecasts range from $76.00 to $118.00. On average, they expect Garmin's stock price to reach $96.17 in the next twelve months. This suggests that the stock has a possible downside of 2.1%.
View analysts' price targets for Garmin.

Garmin saw a drop in short interest in the month of August. As of August 14th, there was short interest totaling 3,100,000 shares, a drop of 24.4% from the July 30th total of 4,100,000 shares. Based on an average daily volume of 1,050,000 shares, the days-to-cover ratio is presently 3.0 days. Approximately 2.2% of the company's stock are sold short.
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), PASSUR Aerospace (PSSR) and Applied Science Products (APLD).
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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), Verizon Communications (VZ), QUALCOMM (QCOM), Walt Disney (DIS), Pfizer (PFE), Micron Technology (MU) and Visa (V).

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

Garmin's stock is owned by many different institutional and retail investors. Top institutional investors include Vanguard Group Inc. (8.50%), First Trust Advisors LP (0.99%), Robeco Institutional Asset Management B.V. (0.69%), Bank of New York Mellon Corp (0.66%), FMR LLC (0.64%) and California Public Employees Retirement System (0.55%). 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 Charles Schwab Investment Management Inc., Robeco Institutional Asset Management B.V., Vanguard Group Inc., Teacher Retirement System of Texas, Victory Capital Management Inc., Canada Pension Plan Investment Board, Railway Pension Investments Ltd, and State of Wisconsin Investment Board. 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, Cubist Systematic Strategies LLC, BNP PARIBAS ASSET MANAGEMENT Holding S.A., FMR LLC, Bank of America Corp DE, and Great West Life Assurance Co. Can.
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 $98.20.

Garmin has a market capitalization of $18.78 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]