Hantz Financial Services Inc. Has $7.11 Million Stake in Garmin Ltd. $GRMN

Hantz Financial Services Inc. lessened its stake in shares of Garmin Ltd. (NYSE:GRMN) by 4.8% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,059 shares of the scientific and technical instruments company’s stock after selling 1,712 shares during the period. Hantz Financial Services Inc.’s holdings in Garmin were worth $7,109,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Quaker Wealth Management LLC lifted its position in shares of Garmin by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 132 shares of the scientific and technical instruments company’s stock valued at $28,000 after acquiring an additional 264 shares during the period. Groupe la Francaise acquired a new position in shares of Garmin during the 1st quarter valued at $33,000. Wayfinding Financial LLC acquired a new position in shares of Garmin during the 1st quarter valued at $34,000. Zions Bancorporation National Association UT acquired a new position in shares of Garmin during the 1st quarter valued at $38,000. Finally, Olde Wealth Management LLC acquired a new position in shares of Garmin during the 1st quarter valued at $43,000. Institutional investors and hedge funds own 81.60% of the company’s stock.

Insider Activity

In other news, insider Cheng-Wei Wang sold 10,202 shares of the company’s stock in a transaction on Wednesday, August 27th. The shares were sold at an average price of $232.48, for a total value of $2,371,760.96. Following the completion of the sale, the insider owned 36,092 shares in the company, valued at $8,390,668.16. This represents a 22.04% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 15.38% of the stock is currently owned by insiders.

Garmin Trading Down 2.0%

Shares of GRMN stock opened at $215.23 on Friday. The firm has a market capitalization of $41.43 billion, a PE ratio of 26.51, a price-to-earnings-growth ratio of 2.41 and a beta of 0.98. The firm has a fifty day simple moving average of $242.76 and a two-hundred day simple moving average of $221.31. Garmin Ltd. has a 12 month low of $169.26 and a 12 month high of $261.69.

Garmin (NYSE:GRMN) last announced its quarterly earnings results on Wednesday, October 29th. The scientific and technical instruments company reported $1.99 EPS for the quarter, meeting analysts’ consensus estimates of $1.99. Garmin had a net margin of 22.63% and a return on equity of 19.42%. The business had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.78 billion. During the same quarter in the previous year, the business posted $1.99 EPS. Garmin’s quarterly revenue was up 11.7% on a year-over-year basis. Garmin has set its FY 2025 guidance at 8.150-8.150 EPS. On average, equities analysts predict that Garmin Ltd. will post 7.8 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GRMN. Weiss Ratings reiterated a “buy (b)” rating on shares of Garmin in a research report on Wednesday, October 8th. Tigress Financial boosted their target price on shares of Garmin from $285.00 to $305.00 and gave the company a “strong-buy” rating in a research report on Tuesday, September 30th. Morgan Stanley boosted their price target on shares of Garmin from $193.00 to $195.00 and gave the company an “underweight” rating in a research note on Thursday. JPMorgan Chase & Co. boosted their price target on shares of Garmin from $215.00 to $250.00 and gave the company a “neutral” rating in a research note on Thursday, July 17th. Finally, Barclays boosted their price target on shares of Garmin from $167.00 to $208.00 and gave the company an “underweight” rating in a research note on Thursday. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $239.50.

Garmin Profile

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.