Shares of Garmin Ltd. (NYSE:GRMN – Get Free Report) have earned a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the stock, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $315.29.
Several analysts have issued reports on the stock. Zacks Research lowered shares of Garmin from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 12th. Arete Research assumed coverage on Garmin in a research report on Wednesday, October 14th. They set a “buy” rating and a $335.00 price target on the stock. Barclays reduced their price target on Garmin from $297.00 to $277.00 and set an “equal weight” rating on the stock in a research note on Thursday. Morgan Stanley increased their price objective on Garmin from $289.00 to $295.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Weiss Ratings raised Garmin from a “buy (b)” rating to a “buy (b+)” rating in a research report on Wednesday.
View Our Latest Stock Analysis on Garmin
Insider Buying and Selling at Garmin
In other Garmin news, insider Cheng-Wei Wang sold 9,941 shares of Garmin stock in a transaction dated Tuesday, August 18th. The shares were sold at an average price of $299.36, for a total value of $2,975,937.76. Following the completion of the transaction, the insider directly owned 29,506 shares of the company’s stock, valued at approximately $8,832,916.16. The trade was a 25.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 14.80% of the stock is owned by insiders.
Hedge Funds Weigh In On Garmin
Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in Garmin by 2.5% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,631,843 shares of the scientific and technical instruments company’s stock worth $378,540,000 after buying an additional 40,474 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Garmin by 73.8% in the first quarter. Bank of America Corp DE now owns 1,295,199 shares of the scientific and technical instruments company’s stock valued at $300,499,000 after acquiring an additional 549,954 shares in the last quarter. Amundi lifted its position in shares of Garmin by 82.5% in the first quarter. Amundi now owns 1,017,314 shares of the scientific and technical instruments company’s stock valued at $236,027,000 after acquiring an additional 459,980 shares in the last quarter. Swiss National Bank lifted its position in shares of Garmin by 7.0% in the first quarter. Swiss National Bank now owns 479,800 shares of the scientific and technical instruments company’s stock valued at $111,318,000 after acquiring an additional 31,400 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its stake in shares of Garmin by 9.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 474,058 shares of the scientific and technical instruments company’s stock worth $135,979,000 after acquiring an additional 39,077 shares during the last quarter. 81.60% of the stock is owned by institutional investors.
Key Headlines Impacting Garmin
Here are the key news stories impacting Garmin this week:
- Positive Sentiment: Garmin reported record third-quarter results, with revenue rising 12% year over year to approximately $1.99 billion and earnings per share of $2.76, exceeding the consensus estimate of $2.38. Strong demand for wearables and fitness products helped drive the performance. Garmin’s record revenue in Q3 helped by rise in fitness products
- Positive Sentiment: Management raised its 2026 profit outlook following the strong quarter, supporting the view that Garmin’s product portfolio and wearables momentum remain healthy. Analysts cited margin gains and maintained generally favorable views of the stock. Garmin Raises Its Profit Outlook—Can the Stock Reach New Highs?
- Positive Sentiment: JPMorgan increased its Garmin price target from $295 to $310, implying potential upside from recent trading levels, although it retained a neutral rating. JPMorgan Adjusts Price Target on Garmin to $310 From $295
Garmin Stock Down 2.4%
NYSE:GRMN opened at $273.36 on Friday. The business’s 50-day moving average price is $282.60 and its two-hundred day moving average price is $253.62. Garmin has a twelve month low of $186.67 and a twelve month high of $314.28. The stock has a market cap of $52.68 billion, a P/E ratio of 26.81, a PEG ratio of 2.91 and a beta of 0.82.
Garmin (NYSE:GRMN – Get Free Report) last announced its earnings results on Wednesday, October 28th. The scientific and technical instruments company reported $2.76 earnings per share for the quarter, beating analysts’ consensus estimates of $2.38 by $0.38. Garmin had a net margin of 25.58% and a return on equity of 21.94%. The business had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $1.99 billion. During the same period last year, the firm posted $1.99 earnings per share. Garmin’s quarterly revenue was up 12.2% on a year-over-year basis. On average, equities research analysts expect that Garmin will post 10.82 EPS for the current fiscal year.
Garmin Company Profile
Garmin Ltd. (NYSE: GRMN) designs and manufactures GPS-enabled technology and smart devices for fitness, outdoor recreation, aviation, marine, and automotive markets. Its product portfolio includes smartwatches, cycling computers, sports and activity trackers, satellite communication devices, navigation systems, and related sensors and accessories.
The company also develops aviation systems and avionics, marine chartplotters and sonar equipment, and navigation and infotainment solutions for vehicle manufacturers.
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