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NYSE:GRMN

Garmin (GRMN) Stock Price, News & Analysis

$163.81
+1.08 (+0.66%)
(As of 05/24/2024 07:00 PM ET)
Today's Range
$162.54
$164.41
50-Day Range
$139.52
$170.94
52-Week Range
$99.61
$171.64
Volume
541,600 shs
Average Volume
917,536 shs
Market Capitalization
$31.46 billion
P/E Ratio
23.10
Dividend Yield
1.78%
Price Target
$156.83

Garmin MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
4.3% Downside
$156.83 Price Target
Short Interest
Healthy
1.48% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.11
Upright™ Environmental Score
News Sentiment
0.49mentions of Garmin in the last 14 days
Based on 25 Articles This Week
Insider Trading
Selling Shares
$13.60 M Sold Last Quarter
Proj. Earnings Growth
13.34%
From $5.77 to $6.54 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.42 out of 5 stars

Computer And Technology Sector

111th out of 598 stocks

Search & Navigation Equipment Industry

2nd out of 11 stocks

GRMN stock logo

About Garmin Stock (NYSE:GRMN)

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices worldwide. Its Fitness segment offers running and multi-sport watches; cycling products; smartwatch devices; scales and monitors; and fitness accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms where users can track and analyze their fitness, activities and workouts, and wellness data; and Connect IQ, an application development platform. The company's Outdoor segment offers adventure watches, outdoor handhelds and satellite communicators, golf devices, consumer automotive devices, and dog devices, as well as InReach and Gramin response communication device. Its Aviation segment designs, manufactures, and markets various aircraft avionics solutions, including integrated flight decks, electronic flight displays and instrumentation, navigation and communication products, automatic flight control systems and safety-enhancing technologies, audio control systems, engine indication systems, traffic awareness and avoidance solutions, ADS-B and transponders, weather information and avoidance solutions, datalink and connectivity solutions, and various services. The company's Marine segment provides chartplotters and multi-function displays, cartography products, fishfinders, sonar products, autopilot systems, radars, compliant instrument displays and sensors, VHF communication radios, handhelds and wearable devices, sailing products, audio products and accessories, digital switching products, and trolling motors. Its Auto segment offers embedded domain controllers and infotainment units; and software, map database, cameras, wearables, and automotive solutions. The company sells its products through independent retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as online webshop. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.

GRMN Stock Price History

GRMN Stock News Headlines

Garmin Navigates to New Highs Driven By Wearables Trend
Garmin Ltd. NYSE: GRMN launched in 1989 with the sole focus of providing GPS devices for consumers.
Garmin Navigates to New Highs Driven By Wearables Trend
Garmin posted record first-quarter revenues in its Fitness, Outdoors, Aviation, and Marine segments and reaffirmed full-year 2024 guidance.
Can Garmin Be a 10x Stock?
GRMN Jul 2024 150.000 put
7 Cheap S&P 500 Stocks to Buy Now: May 2024
See More Headlines
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Company Calendar

Ex-Dividend for 3/29 Dividend
3/14/2024
Dividend Payable
3/29/2024
Last Earnings
5/01/2024
Today
5/26/2024
Ex-Dividend for 6/28 Dividend
6/17/2024
Dividend Payable
6/28/2024
Next Earnings (Estimated)
8/07/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Search & navigation equipment
Sub-Industry
Consumer Electronics
CUSIP
H2906T10
Employees
19,900
Year Founded
1989

Price Target and Rating

Average Stock Price Target
$156.83
High Stock Price Target
$210.00
Low Stock Price Target
$100.00
Potential Upside/Downside
-4.3%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$1.29 billion
Pretax Margin
23.90%

Debt

Sales & Book Value

Annual Sales
$5.23 billion
Cash Flow
$6.54 per share
Book Value
$37.72 per share

Miscellaneous

Free Float
154,546,000
Market Cap
$31.46 billion
Optionable
Optionable
Beta
0.99

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GRMN Stock Analysis - Frequently Asked Questions

Should I buy or sell Garmin stock right now?

6 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Garmin in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" GRMN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GRMN, but not buy additional shares or sell existing shares.
View GRMN analyst ratings
or view top-rated stocks.

What is Garmin's stock price target for 2024?

6 equities research analysts have issued 1 year price targets for Garmin's stock. Their GRMN share price targets range from $100.00 to $210.00. On average, they expect the company's stock price to reach $156.83 in the next twelve months. This suggests that the stock has a possible downside of 4.3%.
View analysts price targets for GRMN
or view top-rated stocks among Wall Street analysts.

How have GRMN shares performed in 2024?

Garmin's stock was trading at $128.54 at the beginning of 2024. Since then, GRMN shares have increased by 27.4% and is now trading at $163.81.
View the best growth stocks for 2024 here
.

Are investors shorting Garmin?

Garmin saw a decrease in short interest in April. As of April 30th, there was short interest totaling 2,290,000 shares, a decrease of 20.2% from the April 15th total of 2,870,000 shares. Based on an average trading volume of 1,030,000 shares, the days-to-cover ratio is currently 2.2 days. Approximately 1.5% of the company's stock are short sold.
View Garmin's Short Interest
.

When is Garmin's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 7th 2024.
View our GRMN earnings forecast
.

How were Garmin's earnings last quarter?

Garmin Ltd. (NYSE:GRMN) posted its quarterly earnings results on Wednesday, May, 1st. The scientific and technical instruments company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.00 by $0.42. The scientific and technical instruments company earned $1.38 billion during the quarter, compared to analyst estimates of $1.25 billion. Garmin had a trailing twelve-month return on equity of 17.26% and a net margin of 24.96%. The firm's quarterly revenue was up 20.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.02 EPS.

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

Garmin announced a quarterly dividend on Wednesday, February 21st. Investors of record on Monday, June 17th will be given a dividend of $0.75 per share on Friday, June 28th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Monday, June 17th.
Read our dividend analysis for GRMN
.

Is Garmin a good dividend stock?

Garmin (NYSE:GRMN) pays an annual dividend of $2.92 per share and currently has a dividend yield of 1.78%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 41.18%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GRMN will have a dividend payout ratio of 44.65% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GRMN.

What guidance has Garmin issued on next quarter's earnings?

Garmin issued an update on its FY 2024 earnings guidance on Wednesday, May, 1st. The company provided earnings per share (EPS) guidance of 5.400-5.400 for the period, compared to the consensus estimate of 5.390. The company issued revenue guidance of $5.8 billion-$5.8 billion, compared to the consensus revenue estimate of $5.7 billion.

Who are Garmin's major shareholders?

Garmin's stock is owned by a number of institutional and retail investors. Top institutional investors include Vanguard Group Inc. (9.20%), Bank of New York Mellon Corp (0.78%), Captrust Financial Advisors (0.44%), Sumitomo Mitsui Trust Holdings Inc. (0.29%), Swiss National Bank (0.24%) and Epoch Investment Partners Inc. (0.19%). Insiders that own company stock include Cheng-Wei Wang, Clifton A Pemble, Clifton A Pemble, Douglas G Boessen, Jonathan Burrell, Matthew Munn, Patrick Desbois, Philip Straub, Sean Biddlecombe and Susan Lyman.
View institutional ownership trends
.

How do I buy shares of Garmin?

Shares of GRMN stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

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.
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This page (NYSE:GRMN) was last updated on 5/27/2024 by MarketBeat.com Staff

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