S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
Silicon Motion Proves That AI in Motion Stays in Motion
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
Silicon Motion Proves That AI in Motion Stays in Motion
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
Silicon Motion Proves That AI in Motion Stays in Motion
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI
S&P 500   5,051.41
DOW   37,798.97
QQQ   431.10
ASML’s Earnings Could Bring The Stock to New Highs
Stock market today: Asian benchmarks trade mixed amid expectations for US rates to stay high
Kinder Morgan Stock Bid Up In An Oil Breakout
Undervalued UnitedHealth Group Won’t Be For Long
Silicon Motion Proves That AI in Motion Stays in Motion
DocuSign and The Case for 66% Upside 
3 Computer Vision Stocks for Long-Term Gains From AI
NYSE:GRMN

Garmin (GRMN) Stock Price, News & Analysis

$142.10
+0.46 (+0.32%)
(As of 04/16/2024 ET)
Today's Range
$141.00
$143.09
50-Day Range
$121.04
$149.07
52-Week Range
$94.89
$149.54
Volume
833,645 shs
Average Volume
927,979 shs
Market Capitalization
$27.25 billion
P/E Ratio
21.18
Dividend Yield
2.05%
Price Target
$142.33

Garmin MarketRank™ Stock Analysis

Analyst Rating
Hold
2.29 Rating Score
Upside/​Downside
0.2% Upside
$142.33 Price Target
Short Interest
Healthy
1.87% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.11
Upright™ Environmental Score
News Sentiment
0.53mentions of Garmin in the last 14 days
Based on 17 Articles This Week
Insider Trading
Selling Shares
$14.17 M Sold Last Quarter
Proj. Earnings Growth
11.38%
From $5.45 to $6.07 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.

4.06 out of 5 stars

Computer And Technology Sector

154th out of 593 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

This Sector Ready to Outshine Key Rival, Says New Report
That's despite a one-month outperformance of the Consumer Staples Select Sector SPDR Fund NYSEARCA: XLP relative to the Consumer Discretionary Select Sector SPDR Fund NYSEARCA: XLY.
This Sector Ready to Outshine Key Rival, Says New Report (GRMN)
Consumer discretionary stocks are likely to outpace consumer staples, says Bank of America. Consumers' resilience and greater automation are driving growth.
Can't believe it's happening again
One of the single most unique and powerful events in the markets is coming in the next two months. It’s scheduled for April 22, 2024. But investors are moving now to get ahead of what’s coming… driving up prices of one asset dramatically. And you should do the same.
Garmin expands avionics database solutions for Europe
Can't believe it's happening again
One of the single most unique and powerful events in the markets is coming in the next two months. It’s scheduled for April 22, 2024. But investors are moving now to get ahead of what’s coming… driving up prices of one asset dramatically. And you should do the same.
StockNews.com Upgrades Garmin (NYSE:GRMN) to "Buy"
Garmin announces General Counsel transition
See More Headlines
Receive GRMN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Garmin and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
2/21/2024
Ex-Dividend for 3/29 Dividend
3/14/2024
Dividend Payable
3/29/2024
Today
4/16/2024
Next Earnings (Confirmed)
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
$142.33
High Stock Price Target
$175.00
Low Stock Price Target
$100.00
Potential Upside/Downside
+0.2%
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
$6.50 per share
Book Value
$36.65 per share

Miscellaneous

Free Float
153,633,000
Market Cap
$27.25 billion
Optionable
Optionable
Beta
0.98

Social Links

7 Energy Stocks to Buy and Hold Forever Cover

Do you expect the global demand for energy to shrink?! If not, it's time to take a look at how energy stocks can play a part in your portfolio.

Get This Free Report

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 diverse product portfolio, including fitness, outdoor, aviation, marine, and auto segments, provides exposure to multiple industries and revenue streams.
  • Recent innovations in smartwatch devices and fitness accessories have positioned Garmin as a key player in the wearable technology market, which is experiencing significant growth.
  • Strong financial performance with consistent revenue growth and profitability, indicating a stable and well-managed company.
  • Expansion into new markets and partnerships, such as collaborations with major fitness brands, enhancing brand visibility and market reach.
  • Current stock price trends showing positive momentum, reflecting investor confidence and potential for capital appreciation.

Cons

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

  • Dependency on consumer discretionary spending patterns, making the company vulnerable to economic downturns or shifts in consumer preferences.
  • Competition from tech giants and emerging startups in the wearable technology sector could impact Garmin's market share and pricing power.
  • Regulatory challenges and compliance requirements in the aviation and automotive segments may pose risks to operations and profitability.
  • Exposure to currency exchange rate fluctuations due to global operations, potentially affecting financial results and investor returns.
  • Market saturation in certain product categories leading to pricing pressures and the need for continuous innovation to stay competitive.
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 Friday, April 12, 2024. Please send any questions or comments about these Garmin pros and cons to contact@marketbeat.com.

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 Wall Street analysts have issued 1-year target prices for Garmin's shares. Their GRMN share price targets range from $100.00 to $175.00. On average, they anticipate the company's stock price to reach $142.33 in the next twelve months. This suggests a possible upside of 0.2% from the stock's current price.
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 stock has increased by 10.5% and is now trading at $142.10.
View the best growth stocks for 2024 here
.

Are investors shorting Garmin?

Garmin saw a increase in short interest in March. As of March 15th, there was short interest totaling 3,010,000 shares, an increase of 35.0% from the February 29th total of 2,230,000 shares. Based on an average daily volume of 943,500 shares, the days-to-cover ratio is presently 3.2 days. Currently, 2.0% of the shares of the stock 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 can I listen to Garmin's earnings call?

Garmin will be holding an earnings conference call on Wednesday, May 1st at 10:30 AM Eastern. Interested parties can register for or listen to the call using this link.

How were Garmin's earnings last quarter?

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

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 yield of 2.11%. 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 2.04%. The company does not yet have a strong track record of dividend growth. 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 48.11% 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 investors include Atwood & Palmer Inc. (0.05%), Cullen Investment Group LTD. (0.02%), Royal Fund Management LLC (0.01%), Unison Advisors LLC (0.01%), Czech National Bank (0.01%) and Tealwood Asset Management Inc. (0.01%). 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.
Read More
This page (NYSE:GRMN) was last updated on 4/17/2024 by MarketBeat.com Staff

From Our Partners