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Garmin (GRMN) Stock Price, News & Analysis

$125.33
+0.74 (+0.59%)
(As of 01:09 PM ET)
Compare
Today's Range
$124.08
▼
$125.69
50-Day Range
$99.71
▼
$125.08
52-Week Range
$89.25
▼
$125.99
Volume
220,303 shs
Average Volume
802,770 shs
Market Capitalization
$23.98 billion
P/E Ratio
23.12
Dividend Yield
2.33%
Price Target
$127.80
Stock AnalysisAnalyst ForecastsChartCompetitorsDividendEarningsFinancialsHeadlinesInsider TradesOptions ChainOwnershipSEC FilingsShort InterestSocial MediaSustainability

Garmin MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.50 Rating Score
Upside/​Downside
2.7% Upside
$127.80 Price Target
Short Interest
Healthy
2.04% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.13
Upright™ Environmental Score
News Sentiment
0.45mentions of Garmin in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$600,000 Sold Last Quarter
Proj. Earnings Growth
5.50%
From $5.27 to $5.56 Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.19 out of 5 stars

Computer And Technology Sector

272nd out of 586 stocks

Scientific & Technical Instruments Industry

1st out of 1 stocks

See Top Rated MarketRank™ Stocks Here

GRMN stock logo

About Garmin Stock (NYSE:GRMN)

Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of wireless devices in the Americas, the Asia Pacific, Australian Continent, Europe, the Middle East, and Africa. Its Fitness segment offers running and multi-sport watches; cycling products; activity tracking and smartwatch devices; fitness and cycling 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, golf devices and mobile apps, and dog tracking and training devices. Its Aviation segment designs, manufactures, and markets various aircraft avionics solutions comprising 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 transponder solutions, weather information and avoidance solutions, datalink and connectivity solutions, portable GPS navigators and wearables, 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, entertainment, digital switching products, and trolling motors. Its Auto segment offers embedded domain controllers and infotainment systems; personal navigation devices; and cameras. The company sells its products through independent retailers, dealers, distributors, installation and repair shops, and original equipment manufacturers, as well as an online webshop, garmin.com. Garmin Ltd. was founded in 1989 and is based in Schaffhausen, Switzerland.

GRMN Stock Price History

GRMN Stock News Headlines

December 11, 2023 | bizjournals.com
Trusts related to Garmin co-founder file plan to sell some stock
December 9, 2023 | finance.yahoo.com
Four Days Left To Buy Garmin Ltd. (NYSE:GRMN) Before The Ex-Dividend Date
December 11, 2023 | Autonomix (Ad)
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
December 8, 2023 | finance.yahoo.com
Burrell trust adopts Rule 10b5-1 stock disposition plan
December 7, 2023 | yahoo.com
Garmin Dash Cam Tandem review
December 6, 2023 | yahoo.com
Details of Garmin's next watch have leaked – and I'm excited
December 6, 2023 | yahoo.com
Garmin announces huge update for your watch – including skin temperature tracking
December 6, 2023 | msn.com
Garmin’s massive free update brings nap detection and more to its latest watches
December 11, 2023 | Autonomix (Ad)
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
December 6, 2023 | yahoo.com
This premium Garmin watch is still chilling with a Black Friday discount (just in time for Christmas)
December 5, 2023 | finance.yahoo.com
If You Invested $1000 in Garmin a Decade Ago, This is How Much It'd Be Worth Now
December 1, 2023 | msn.com
Garmin's Venu Sq smartwatch is down to just $119.99!
December 1, 2023 | finance.yahoo.com
Garmin (GRMN) Up 6.8% Since Last Earnings Report: Can It Continue?
November 29, 2023 | msn.com
Garmin Watch Cyber Week Sale: Up to 40% Off Fitness Watches
November 29, 2023 | msn.com
From Samsung to Sony, Top TV Brands Are Offering Steep Discounts for Cyber Monday
November 28, 2023 | msn.com
Black Friday shopping popped. Here's what it means.
November 28, 2023 | finance.yahoo.com
Garmin wins six CES 2024 Innovation Awards
November 28, 2023 | yahoo.com
The North Face's Cyber Monday sale is on — save up to 50% on bestselling winter jackets
November 28, 2023 | msn.com
47+ top travel accessories on sale for Cyber Monday
November 27, 2023 | msn.com
Best Cyber Monday iPad deals: All-time low prices on top Apple tablets
November 27, 2023 | msn.com
The best gifts on sale for Cyber Monday
November 27, 2023 | msn.com
Black Friday 2023: Here Are the 23 Best Sales and Sites to Shop Right Now
November 27, 2023 | yahoo.com
New Balance Has a Major Cyber Monday Sale on Dad Shoes
November 27, 2023 | yahoo.com
Vineyard Vines' Sale Section Is Stacked for Cyber Monday
November 27, 2023 | msn.com
My favorite AMOLED-screen equipped Garmin watch has a great Cyber Monday discount
November 27, 2023 | msn.com
Garmin (GRMN) Price Target Increased by 7.24% to 122.51
November 27, 2023 | msn.com
Cyber Monday Garmin Deals 2023: Save $200 on the Fenix 7X Sapphire Pro Right Now
See More Headlines
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Company Calendar

Ex-Dividend for 9/29 Dividend
9/14/2023
Dividend Payable
9/29/2023
Last Earnings
11/01/2023
Today
12/11/2023
Ex-Dividend for 12/29 Dividend
12/14/2023
Dividend Payable
12/29/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
2/28/2024
Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange
NYSE
Industry
Scientific & Technical Instruments
Sub-Industry
Consumer Electronics
Sector
Computer and Technology
Current Symbol
NYSE:GRMN
CUSIP
H2906T10
CIK
1121788
Web
www.garmin.com
Phone
(152) 630-1600
Fax
1-345-945-3390
Employees
19,700
Year Founded
1989

Price Target and Rating

Average Stock Price Target
$127.80
High Stock Price Target
$165.00
Low Stock Price Target
$100.00
Potential Upside/Downside
+2.6%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.50
Research Coverage
6 Analysts

Profitability

EPS (Most Recent Fiscal Year)
$5.42
Trailing P/E Ratio
22.99
Forward P/E Ratio
23.64
P/E Growth
4.22
Net Income
$973.59 million
Net Margins
20.60%
Pretax Margin
22.71%
Return on Equity
16.00%
Return on Assets
12.83%

Debt

Debt-to-Equity Ratio
N/A
Current Ratio
3.13
Quick Ratio
2.05

Sales & Book Value

Annual Sales
$4.86 billion
Price / Sales
4.90
Cash Flow
$6.04 per share
Price / Cash Flow
20.64
Book Value
$32.37 per share
Price / Book
3.85

Miscellaneous

Outstanding Shares
191,330,000
Free Float
153,275,000
Market Cap
$23.84 billion
Optionable
Optionable
Beta
0.95

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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 Tuesday, November 28, 2023 at 9:54 PM.

Pros

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

  • Garmin Ltd. offers a diverse range of wireless devices in various segments such as fitness, outdoor, aviation, marine, and auto. This diversification allows the company to tap into multiple markets and revenue streams.
  • The company's Fitness segment provides running and multi-sport watches, cycling products, activity tracking and smartwatch devices, and fitness accessories. With the growing popularity of fitness and wellness, Garmin's products in this segment have the potential for strong demand.
  • Garmin Connect and Garmin Connect Mobile are web and mobile platforms that enhance the user experience and provide additional features for Garmin's devices. These platforms can attract more customers and increase customer loyalty.
  • Garmin's Aviation segment offers a wide range of aircraft avionics solutions, including integrated flight decks, navigation and communication products, and safety-enhancing technologies. With the increasing demand for advanced avionics systems, Garmin is well-positioned to benefit from this market.
  • Garmin sells its products through various channels, including independent retailers, dealers, distributors, and an online webshop. This diversified distribution network allows the company to reach a wide customer base and increase its market presence.

Cons

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

  • Garmin operates in a highly competitive market, facing competition from established players as well as new entrants. This competition can put pressure on the company's market share and profitability.
  • The consumer electronics industry is subject to rapid technological advancements and changing consumer preferences. Garmin needs to continuously innovate and adapt to stay ahead of the competition and meet evolving customer demands.
  • Garmin's financial performance is influenced by macroeconomic factors, such as economic downturns and fluctuations in currency exchange rates. These external factors can impact the company's sales and profitability.
  • Investing in Garmin's stock involves market risk, as the stock price can be volatile and subject to market fluctuations. Investors should carefully consider their risk tolerance and investment objectives before investing in the company.
  • Garmin's success is dependent on its ability to attract and retain customers. Negative customer experiences, product recalls, or quality issues could harm the company's reputation and affect its sales and profitability.














GRMN Stock Analysis - Frequently Asked Questions

Should I buy or sell Garmin stock right now?

6 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Garmin in the last year. There are currently 4 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" GRMN shares.
View GRMN analyst ratings or view top-rated stocks.

What is Garmin's stock price target for 2024?

6 Wall Street analysts have issued 12-month price targets for Garmin's stock. Their GRMN share price targets range from $100.00 to $165.00. On average, they anticipate the company's share price to reach $127.80 in the next twelve months. This suggests a possible upside of 1.9% 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 2023?

Garmin's stock was trading at $92.29 at the start of the year. Since then, GRMN stock has increased by 35.9% and is now trading at $125.45.
View the best growth stocks for 2023 here.

When is Garmin's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, February 28th 2024.
View our GRMN earnings forecast.

How were Garmin's earnings last quarter?

Garmin Ltd. (NYSE:GRMN) released its quarterly earnings results on Wednesday, November, 1st. The scientific and technical instruments company reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.12. The scientific and technical instruments company earned $1.28 billion during the quarter, compared to analyst estimates of $1.21 billion. Garmin had a trailing twelve-month return on equity of 16.00% and a net margin of 20.60%. The firm's quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.24 EPS.

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

Garmin declared a quarterly dividend on Friday, June 16th. Stockholders of record on Friday, March 15th will be paid a dividend of $0.73 per share on Friday, March 29th. This represents a $2.92 dividend on an annualized basis and a dividend yield of 2.33%. The ex-dividend date is Thursday, March 14th.
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 2.35%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 53.87%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GRMN will have a dividend payout ratio of 52.52% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GRMN.

What ETFs hold Garmin's stock?

ETFs with the largest weight of Garmin (NYSE:GRMN) stock in their portfolio include Global X Internet of Things Thematic ETF (SNSR), Procure Space ETF (UFO), Invesco Next Gen Connectivity ETF (PXQ), Fidelity Electric Vehicles and Future Transportation ETF (FDRV), First Trust Capital Strength ETF (FTCS), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RSPD), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD) and Invesco Zacks Mid-Cap ETF (CZA).

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

Garmin issued an update on its FY23 earnings guidance on Wednesday, November, 1st. The company provided earnings per share guidance of $5.25 for the period, compared to the consensus earnings per share estimate of $5.19. The company issued revenue guidance of ~$5.15 billion, compared to the consensus revenue estimate of $5.05 billion.

Who are Garmin's major shareholders?

Garmin's stock is owned by a number of retail and institutional investors. Top institutional investors include Artisan Partners Limited Partnership (3.79%), Bank of New York Mellon Corp (1.02%), Morgan Stanley (0.89%), Northern Trust Corp (0.85%), Invesco Ltd. (0.74%) and Boston Partners (0.72%). 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 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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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 12/11/2023 by MarketBeat.com Staff

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