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NYSE:GRMN

Garmin (GRMN) Stock Price, News & Analysis

$180.17
-0.61 (-0.34%)
(As of 09/6/2024 ET)
Today's Range
$179.21
$182.26
50-Day Range
$160.98
$183.29
52-Week Range
$99.61
$183.88
Volume
627,748 shs
Average Volume
839,482 shs
Market Capitalization
$34.61 billion
P/E Ratio
25.41
Dividend Yield
1.67%
Price Target
$156.83

Garmin MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
13.0% Downside
$156.83 Price Target
Short Interest
Healthy
1.73% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.08
Upright™ Environmental Score
News Sentiment
0.66mentions of Garmin in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$2.68 M Sold Last Quarter
Proj. Earnings Growth
9.42%
From $6.05 to $6.62 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.

4.12 out of 5 stars

Computer And Technology Sector

164th out of 594 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

Garmin Ltd. (NYSE:GRMN) Director Sells $499,015.00 in Stock
“Fed Proof” Your Bank Account with THESE 4 Simple Steps
Starting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.
Garmin Fenix 8 Vs Fenix 7 Pro Features Compared
Philip Straub Sells 2,750 Shares of Garmin Ltd. (NYSE:GRMN) Stock
“Fed Proof” Your Bank Account with THESE 4 Simple Steps
Starting as soon as a few months from now, the United States government will make a sweeping change to bank accounts nationwide. It will give them unprecedented powers to control your bank account.
Garmin Ltd. (NYSE:GRMN) Receives $156.83 Average PT from Brokerages
Garmin Enduro 3 Vs 2 Compared: What’s New?
Garmin (NYSE:GRMN) Hits New 52-Week High at $180.40
See More Headlines
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Company Calendar

Last Earnings
7/31/2024
Today
9/07/2024
Ex-Dividend for 9/27 Dividend
9/13/2024
Ex-Dividend for 9/27 Dividend
9/13/2024
Dividend Payable
9/27/2024
Dividend Payable
9/27/2024
Next Earnings (Estimated)
11/06/2024
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
$156.83
High Stock Price Target
$210.00
Low Stock Price Target
$100.00
Potential Upside/Downside
-13.0%
Consensus Rating
Hold
Rating Score (0-4)
2.17
Research Coverage
6 Analysts

Profitability

Net Income
$1.29 billion
Pretax Margin
24.00%

Debt

Sales & Book Value

Annual Sales
$5.65 billion
Cash Flow
$6.43 per share
Book Value
$36.44 per share

Miscellaneous

Free Float
154,546,000
Market Cap
$34.61 billion
Optionable
Optionable
Beta
0.98

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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 recent quarterly earnings report exceeded analyst expectations, showcasing strong financial performance and potential for growth.
  • Positive insider activity, such as executives selling shares at higher prices, can indicate confidence in the company's future prospects.
  • Garmin's dividend payout ratio of 42.31% suggests a stable dividend policy, providing investors with a consistent income stream.
  • Analysts have raised the target price for Garmin stock, indicating a positive outlook on the company's future performance.
  • Garmin's diverse product portfolio, including fitness devices and smartwatches, positions the company well in the growing wearable technology market.

Cons

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

  • Garmin's stock price has recently reached a 12-month high, potentially limiting short-term upside for new investors.
  • Market analysts have issued a mix of hold and sell ratings on Garmin stock, indicating uncertainty about the company's future performance.
  • The company's price-to-earnings ratio of 24.27 may suggest that the stock is currently trading at a premium compared to industry peers.
  • Garmin's beta of 0.98 indicates that the stock's price movements are closely correlated with the overall market, potentially leading to higher volatility.
  • While Garmin has shown revenue growth, its price-to-earnings-growth ratio of 3.55 may signal that the stock is overvalued relative to its growth prospects.
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 Sunday, August 25, 2024. Please send any questions or comments about these Garmin pros and cons to contact@marketbeat.com.

GRMN Stock Analysis - Frequently Asked Questions

How have GRMN shares performed this year?

Garmin's stock was trading at $128.54 at the beginning of 2024. Since then, GRMN shares have increased by 40.2% and is now trading at $180.17.
View the best growth stocks for 2024 here
.

How were Garmin's earnings last quarter?

Garmin Ltd. (NYSE:GRMN) posted its quarterly earnings data on Wednesday, July, 31st. The scientific and technical instruments company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.18. The company's quarterly revenue was up 14.3% compared to the same quarter last year.

Does Garmin have any subsidiaries?

The following companies are subsidiaries of Garmin: Firstbeat Analytics, Flight Plan, EmpirBus, Navionics, Alphamantis Technologies, ActiveCaptain, Iiyonet, and more.

Who are Garmin's major shareholders?

Garmin's top institutional investors include Select Equity Group L.P. (1.04%), Dimensional Fund Advisors LP (0.90%), Disciplined Growth Investors Inc. MN (0.70%) and Marshall Wace LLP (0.57%). Insiders that own company stock include Jonathan Burrell, Clifton A Pemble, Philip Straub, Patrick Desbois, Cheng-Wei Wang, Douglas G Boessen, Matthew Munn, Susan Lyman, Sean Biddlecombe and Laurie A Minard.
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.

This page (NYSE:GRMN) was last updated on 9/7/2024 by MarketBeat.com Staff

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