Garmin (NYSE:GRMN) Reaches New 12-Month High – Should You Buy?

Posted by George Bondi on Aug 6th, 2026

Garmin Ltd. (NYSE:GRMN – Get Free Report) shares hit a new 52-week high during trading on Tuesday . The stock traded as high as $305.00 and last traded at $303.9460, with a volume of 905844 shares changing hands. The stock had previously closed at $293.78.

Wall Street Analysts Forecast Growth

GRMN has been the subject of a number of recent analyst reports. Barclays raised their price objective on Garmin from $238.00 to $297.00 and gave the stock an “equal weight” rating in a research report on Thursday, July 30th. Tigress Financial increased their price target on Garmin from $320.00 to $325.00 and gave the company a “strong-buy” rating in a research note on Wednesday, May 20th. Zacks Research raised Garmin from a “hold” rating to a “strong-buy” rating in a report on Friday, July 31st. JPMorgan Chase & Co. boosted their price target on Garmin from $265.00 to $285.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Garmin in a report on Monday, June 8th. Two equities research analysts have rated the stock with a Strong Buy rating, two have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $289.20.

Get Our Latest Stock Analysis on GRMN

Garmin Price Performance

The business has a fifty day moving average price of $246.97 and a two-hundred day moving average price of $239.23. The firm has a market capitalization of $58.41 billion, a price-to-earnings ratio of 31.23, a price-to-earnings-growth ratio of 3.43 and a beta of 0.87.

Garmin (NYSE:GRMN – Get Free Report) last announced its quarterly earnings data on Wednesday, July 29th. The scientific and technical instruments company reported $2.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.30 by $0.51. The firm had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Garmin had a return on equity of 20.95% and a net margin of 24.47%.The company’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same period last year, the business posted $2.17 earnings per share. Garmin has set its FY 2026 guidance at 10.000-10.000 EPS. On average, research analysts predict that Garmin Ltd. will post 10.1 earnings per share for the current year.

Insider Activity at Garmin

In other news, CFO Douglas G. Boessen sold 2,000 shares of the stock in a transaction on Friday, June 5th. The shares were sold at an average price of $237.91, for a total value of $475,820.00. Following the sale, the chief financial officer owned 26,049 shares in the company, valued at $6,197,317.59. This represents a 7.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Clifton A. Pemble sold 4,029 shares of the firm’s stock in a transaction on Wednesday, July 29th. The stock was sold at an average price of $300.00, for a total transaction of $1,208,700.00. Following the transaction, the chief executive officer directly owned 120,127 shares of the company’s stock, valued at approximately $36,038,100. This trade represents a 3.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 8,810 shares of company stock worth $2,478,157 in the last ninety days. 14.80% of the stock is owned by company insiders.

Institutional Investors Weigh In On Garmin

Several hedge funds and other institutional investors have recently added to or reduced their stakes in GRMN. GSA Capital Partners LLP acquired a new position in shares of Garmin in the fourth quarter worth about $979,000. Commerzbank Aktiengesellschaft FI grew its position in shares of Garmin by 282.5% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 6,518 shares of the scientific and technical instruments company’s stock valued at $1,322,000 after acquiring an additional 4,814 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Garmin by 121.6% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 107,929 shares of the scientific and technical instruments company’s stock valued at $25,041,000 after acquiring an additional 59,229 shares during the period. Generali Asset Management SPA SGR increased its stake in shares of Garmin by 8,727.4% in the 4th quarter. Generali Asset Management SPA SGR now owns 9,357 shares of the scientific and technical instruments company’s stock valued at $1,898,000 after purchasing an additional 9,251 shares in the last quarter. Finally, Westerkirk Capital Inc. increased its stake in shares of Garmin by 88.2% in the 4th quarter. Westerkirk Capital Inc. now owns 20,700 shares of the scientific and technical instruments company’s stock valued at $4,199,000 after purchasing an additional 9,700 shares in the last quarter. 81.60% of the stock is owned by institutional investors and hedge funds.

Garmin Company Profile

(Get Free Report)

Garmin Ltd. is a technology company best known for designing and manufacturing navigation, communication and information devices that leverage global positioning system (GPS) technology. The company serves a diverse set of markets including consumer fitness and wearables, automotive navigation, aviation avionics, marine electronics and outdoor handheld devices. Garmin’s products combine hardware, mapping and software services to deliver location-aware solutions for personal, recreational and professional uses.

Garmin’s product lineup includes wearable fitness and multisport watches (Forerunner, Fenix, Venu), cycling computers and accessories (Edge, Varia), handheld and handheld-mounted GPS devices for outdoor activities, automotive and portable navigation units, marine chartplotters and fishfinders, and certified avionics for fixed- and rotary-wing aircraft.