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NYSE:GRMN

Garmin (GRMN) Stock Price, News & Analysis

$139.67
+2.24 (+1.63%)
(As of 03/4/2024 ET)
Today's Range
$137.00
$140.46
50-Day Range
$119.43
$139.67
52-Week Range
$93.52
$140.46
Volume
1.28 million shs
Average Volume
1.06 million shs
Market Capitalization
$26.79 billion
P/E Ratio
20.82
Dividend Yield
2.09%
Price Target
$131.50

Garmin MarketRank™ Stock Analysis

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
5.8% Downside
$131.50 Price Target
Short Interest
Healthy
1.45% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.19
Upright™ Environmental Score
News Sentiment
0.30mentions of Garmin in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$1.41 M Sold Last Quarter
Proj. Earnings Growth
8.64%
From $5.44 to $5.91 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.

4.12 out of 5 stars

Computer And Technology Sector

155th 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. It operates through five segments: Fitness, Outdoor, Aviation, Marine, and Auto. Its Fitness segment offers running and multi-sport watches; cycling products; smartwatch devices; and fitness accessories. This segment also provides Garmin Connect and Garmin Connect Mobile, which are web and mobile platforms; 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 products. 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, camera, 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

2 Navigation Stocks That Continue to Defy Gravity
Global positioning satellite-based (GPS) navigation was once only available through stand-alone GPS devices. Many analysts believed the widespread penetration of smartphone-based GPS navigational apps in the computer and technology sector, like Alphabet Inc. NASDAQ: GOOGL owned Google Maps and Waze, Apple Inc. NASDAQ: AAPL owned Apple Maps and MapQuest would have surely been the death of GPS devices.
2 Navigation Stocks That Continue to Defy Gravity
Smartphone GPS navigation apps were supposed to mean the end for stand-alone GPS devices, but someone forgot to tell these two navigation stocks
Detecting Cancer in Mere Seconds: Early Investment Opportunity
A revolutionary cancer diagnostic tool is likely to come to fruition with anticipated FDA approval expected in just months. With the ability to detect cancer's "molecular fingerprint" in just seconds, it also offers far superior accuracy to current detection methods and reduces the need for invasive biopsies.
Garmin (NYSE:GRMN) Downgraded by StockNews.com
Garmin releases annual inReach SOS Report
Susan Lyman Sells 2,587 Shares of Garmin Ltd. (NYSE:GRMN) Stock
Detecting Cancer in Mere Seconds: Early Investment Opportunity
A revolutionary cancer diagnostic tool is likely to come to fruition with anticipated FDA approval expected in just months. With the ability to detect cancer's "molecular fingerprint" in just seconds, it also offers far superior accuracy to current detection methods and reduces the need for invasive biopsies.
Garmin (NYSE:GRMN) Earns Strong-Buy Rating from Tigress Financial
GRMN Mar 2024 130.000 call
GRMN Apr 2024 70.000 call
Garmin raises dividend by 3% to $0.75
Garmin Ltd. (NYSE:GRMN) Q4 2023 Earnings Call Transcript
Decoding Garmin Ltd (GRMN): A Strategic SWOT Insight
Garmin stock surges on earnings beat, 2024 guidance
Why Is Garmin Stock Trading Up Wednesday?
Garmin's (GRMN) Q4 Earnings & Sales Beat Estimates, Up Y/Y
Why Garmin Stock Jumped 10% Today
See More Headlines
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Company Calendar

Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Last Earnings
2/21/2024
Today
3/05/2024
Ex-Dividend for 3/29 Dividend
3/14/2024
Dividend Payable
3/29/2024
Next Earnings (Estimated)
5/01/2024
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
$131.50
High Stock Price Target
$175.00
Low Stock Price Target
$100.00
Potential Upside/Downside
-5.8%
Consensus Rating
Hold
Rating Score (0-4)
2.29
Research Coverage
7 Analysts

Profitability

Net Income
$1.29 billion
Pretax Margin
22.96%

Debt

Sales & Book Value

Annual Sales
$5.23 billion
Cash Flow
$6.65 per share
Book Value
$36.65 per share

Miscellaneous

Free Float
153,633,000
Market Cap
$26.79 billion
Optionable
Optionable
Beta
0.97

Social Links

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Should I Buy Garmin Stock? GRMN Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Garmin was last updated on Friday, March 1, 2024 at 2:30 PM.

Pros

Here are some ways that investors could benefit from investing in Garmin Ltd.:

  • Garmin's diverse product portfolio across fitness, outdoor, aviation, marine, and auto segments provides a wide range of revenue streams and market exposure.
  • Continued innovation in fitness products like running and multi-sport watches, cycling products, and smartwatch devices keeps Garmin competitive in the consumer electronics market.
  • Strong presence in the aviation segment with a variety of aircraft avionics solutions and safety-enhancing technologies, catering to a niche but critical market.
  • Expansion into new markets like the Asia Pacific, Australian Continent, and Africa demonstrates Garmin's commitment to global growth and market penetration.
  • Current stock price of Garmin Ltd. is showing positive momentum, indicating potential for capital appreciation in the near term.

Cons

Investors should be bearish about investing in Garmin Ltd. for these reasons:

  • Competitive landscape in the consumer electronics industry may pose challenges for Garmin to maintain market share and pricing power.
  • Dependency on specific segments like aviation and marine for a significant portion of revenue could expose Garmin to sector-specific risks and economic downturns.
  • Market volatility and macroeconomic factors could impact consumer spending on discretionary items like Garmin's products, affecting sales and profitability.
  • Regulatory changes in key markets related to wireless devices and aviation technology could require costly compliance measures, impacting Garmin's bottom line.
  • Potential supply chain disruptions or component shortages due to global events or trade issues could affect Garmin's production and product availability.














GRMN Stock Analysis - Frequently Asked Questions

Should I buy or sell Garmin stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Garmin in the last twelve months. There are currently 6 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?

7 analysts have issued twelve-month price objectives for Garmin's stock. Their GRMN share price targets range from $100.00 to $175.00. On average, they expect the company's stock price to reach $131.50 in the next year. This suggests that the stock has a possible downside of 5.8%.
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 8.7% and is now trading at $139.67.
View the best growth stocks for 2024 here
.

Are investors shorting Garmin?

Garmin saw a increase in short interest during the month of February. As of February 15th, there was short interest totaling 2,220,000 shares, an increase of 13.8% from the January 31st total of 1,950,000 shares. Based on an average daily volume of 836,900 shares, the short-interest ratio is presently 2.7 days. Approximately 1.5% of the shares of the company are sold short.
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, May 1st 2024.
View our GRMN earnings forecast
.

How were Garmin's earnings last quarter?

Garmin Ltd. (NYSE:GRMN) released its quarterly earnings data on Wednesday, February, 21st. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.40 by $0.32. The scientific and technical instruments company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.41 billion. Garmin had a net margin of 24.67% and a trailing twelve-month return on equity of 16.60%. The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.35 EPS.

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

Garmin announced a quarterly dividend on Friday, February 23rd. Investors of record on Friday, December 13th will be given a dividend of $0.75 per share on Friday, December 27th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Friday, December 13th.
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 2.12%. The dividend payout ratio is 43.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GRMN will have a dividend payout ratio of 49.41% 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 updated its FY24 earnings guidance on Wednesday, February, 21st. The company provided EPS guidance of $5.40 for the period, compared to the consensus earnings per share estimate of $5.56. The company issued revenue guidance of $5.75 billion, compared to the consensus revenue estimate of $5.56 billion.

Who are Garmin's major shareholders?

Garmin's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Vanguard Group Inc. (9.30%), Artisan Partners Limited Partnership (3.82%), First Trust Advisors LP (1.17%), Dimensional Fund Advisors LP (0.90%), Northern Trust Corp (0.81%) and Legal & General Group Plc (0.75%). Insiders that own company stock include Cheng-Wei Wang, Clifton A Pemble, Clifton A Pemble, Douglas G Boessen, 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.
Read More
This page (NYSE:GRMN) was last updated on 3/5/2024 by MarketBeat.com Staff