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NYSE:GRMN

Garmin (GRMN) Stock Price, News & Analysis

$178.03
+4.63 (+2.67%)
(As of 07/26/2024 ET)
Today's Range
$173.96
$178.51
50-Day Range
$159.58
$178.03
52-Week Range
$99.61
$178.51
Volume
1.06 million shs
Average Volume
847,458 shs
Market Capitalization
$34.20 billion
P/E Ratio
25.11
Dividend Yield
1.69%
Price Target
$156.83

Garmin MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
11.9% Downside
$156.83 Price Target
Short Interest
Healthy
1.64% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.08
Upright™ Environmental Score
News Sentiment
0.49mentions of Garmin in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$1.05 M Sold Last Quarter
Proj. Earnings Growth
12.65%
From $5.77 to $6.50 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.

4.10 out of 5 stars

Computer And Technology Sector

174th out of 612 stocks

Search & Navigation Equipment Industry

3rd 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

The 3 Best Human Augmentation Stocks to Buy Now
Garmin (NYSE:GRMN) Downgraded to Hold at StockNews.com
Kiss of death from Joe Biden
I did not consent. You did not consent. It’s in direct violation of the U.S. Constitution but they do not care.
Garmin (GRMN) Scheduled to Post Quarterly Earnings on Wednesday
Garmin (NYSE:GRMN) Has Announced A Dividend Of $0.75
Kiss of death from Joe Biden
I did not consent. You did not consent. It’s in direct violation of the U.S. Constitution but they do not care.
Garmin Expands Marine Portfolio With MM55 & 55-HR Devices
7 Innovative Tech Stocks to Buy Before It's Too Late
See More Headlines
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Company Calendar

Last Earnings
5/01/2024
Ex-Dividend for 6/26 Dividend
6/17/2024
Dividend Payable
6/26/2024
Today
7/26/2024
Next Earnings (Confirmed)
7/31/2024
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
-11.5%
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
$6.71 per share
Book Value
$36.65 per share

Miscellaneous

Free Float
154,546,000
Market Cap
$34.03 billion
Optionable
Optionable
Beta
0.98

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Should I Buy Garmin Stock? GRMN Pros and Cons Explained

Pros

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

  • Garmin's strong financial performance, with a market cap of $31.29 billion, indicates stability and potential growth in the market.
  • Recent positive earnings results, beating analysts' consensus estimates, demonstrate the company's ability to generate profits and potentially increase shareholder value.
  • Garmin's dividend yield of 1.84% provides investors with a steady income stream, enhancing the overall return on investment.
  • Insider ownership of 19.54% indicates confidence in the company's future prospects, which can be reassuring for potential investors.
  • Garmin's diverse product portfolio in wireless devices, including fitness accessories and smartwatch devices, positions the company well in the growing wearable technology market.

Cons

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

  • The PEG ratio of 3.51 suggests that Garmin's stock may be overvalued relative to its earnings growth potential, which could deter some investors.
  • Garmin's P/E ratio of 22.98 may indicate that the stock is trading at a premium compared to industry peers, potentially limiting short-term upside for investors.
  • Recent insider selling activity by company executives, such as the EVP and CFO, could raise concerns about the company's future performance or outlook.
  • Garmin's beta of 0.98 implies that the stock's price movements are closely correlated with the overall market, which may not appeal to investors seeking higher volatility or returns.
  • The payout ratio of 42.31% suggests that Garmin is distributing a significant portion of its earnings as dividends, potentially limiting reinvestment for future growth initiatives.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, July 23, 2024. Please send any questions or comments about these Garmin pros and cons to contact@marketbeat.com.

GRMN Stock Analysis - Frequently Asked Questions

How have GRMN shares performed this year?

Garmin's stock was trading at $128.54 at the beginning of 2024. Since then, GRMN shares have increased by 38.5% and is now trading at $178.03.
View the best growth stocks for 2024 here
.

How were Garmin's earnings last quarter?

Garmin Ltd. (NYSE:GRMN) released its quarterly earnings results on Wednesday, May, 1st. The scientific and technical instruments company reported $1.42 earnings per share for the quarter, beating analysts' consensus estimates of $1.00 by $0.42. Garmin's revenue for the quarter was up 20.4% on a year-over-year basis.

Does Garmin have any subsidiaries?

Garmin subsidiaries include Firstbeat Analytics, Flight Plan, EmpirBus, Navionics, Alphamantis Technologies, ActiveCaptain, Iiyonet, and more.

Who are Garmin's major shareholders?

Garmin's top institutional shareholders include Bank of New York Mellon Corp (0.54%), Sumitomo Mitsui Trust Holdings Inc. (0.27%), M&G Plc (0.12%) and Argent Capital Management LLC (0.10%). Insiders that own company stock include Jonathan Burrell, Clifton A Pemble, Philip Straub, Patrick Desbois, Cheng-Wei Wang, Douglas G Boessen, Matthew Munn, Susan Lyman and Sean Biddlecombe.
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.

This page (NYSE:GRMN) was last updated on 7/27/2024 by MarketBeat.com Staff

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