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NYSE:GRMN

Garmin (GRMN) Stock Price, News & Analysis

Garmin logo
$198.18
-0.17 (-0.09%)
(As of 11/1/2024 ET)

About Garmin Stock (NYSE:GRMN)

Key Stats

Today's Range
$196.31
$201.06
50-Day Range
$161.57
$204.86
52-Week Range
$112.01
$207.22
Volume
1.71 million shs
Average Volume
854,782 shs
Market Capitalization
$38.09 billion
P/E Ratio
25.15
Dividend Yield
1.51%
Price Target
$162.67
Consensus Rating
Reduce

Company Overview

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.

Garmin Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks
80th Percentile Overall Score

GRMN MarketRank™: 

Garmin scored higher than 80% of companies evaluated by MarketBeat, and ranked 194th out of 667 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Garmin has received a consensus rating of Reduce. The company's average rating score is 1.83, and is based on no buy ratings, 2 hold ratings, and 3 sell ratings.

  • Amount of Analyst Coverage

    Garmin has only been the subject of 3 research reports in the past 90 days.

  • Read more about Garmin's stock forecast and price target.
  • Earnings Growth

    Earnings for Garmin are expected to grow by 8.05% in the coming year, from $6.09 to $6.58 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Garmin is 25.13, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 128.03.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Garmin is 25.13, which means that it is trading at a less expensive P/E ratio than the Computer and Technology sector average P/E ratio of about 250.40.

  • Price to Earnings Growth Ratio

    Garmin has a PEG Ratio of 3.52. PEG Ratios above 1 indicate that a company could be overvalued.

  • Price to Book Value per Share Ratio

    Garmin has a P/B Ratio of 5.07. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

  • Read more about Garmin's valuation and earnings.
  • Percentage of Shares Shorted

    2.96% of the float of Garmin has been sold short.
  • Short Interest Ratio / Days to Cover

    Garmin has a short interest ratio ("days to cover") of 5.8.
  • Change versus previous month

    Short interest in Garmin has recently increased by 4.57%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Garmin pays a meaningful dividend of 1.46%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Garmin does not have a long track record of dividend growth.

  • Dividend Coverage

    The dividend payout ratio of Garmin is 38.07%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Garmin will have a dividend payout ratio of 45.59% next year. This indicates that Garmin will be able to sustain or increase its dividend.

  • Read more about Garmin's dividend.
  • Percentage of Shares Shorted

    2.96% of the float of Garmin has been sold short.
  • Short Interest Ratio / Days to Cover

    Garmin has a short interest ratio ("days to cover") of 5.8.
  • Change versus previous month

    Short interest in Garmin has recently increased by 4.57%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Garmin has a news sentiment score of 0.41. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This news sentiment score is similar to the average news sentiment of Computer and Technology companies.
  • News Coverage This Week

    MarketBeat has tracked 40 news articles for Garmin this week, compared to 15 articles on an average week.
  • Search Interest

    Only 8 people have searched for GRMN on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.
  • MarketBeat Follows

    8 people have added Garmin to their MarketBeat watchlist in the last 30 days. This is an increase of 300% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Garmin insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,296,174.00 in company stock.

  • Percentage Held by Insiders

    19.54% of the stock of Garmin is held by insiders. A high percentage of insider ownership can be a sign of company health.

  • Percentage Held by Institutions

    73.41% of the stock of Garmin is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Garmin's insider trading history.
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GRMN Stock News Headlines

Barclays Keeps Their Sell Rating on Garmin (GRMN)
625,000% Gain
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Garmin price target raised to $158 from $133 at Barclays
KeyBanc Sticks to Their Hold Rating for Garmin (GRMN)
New Sell Rating for Garmin (GRMN), the Technology Giant
See More Headlines

GRMN Stock Analysis - Frequently Asked Questions

Garmin's stock was trading at $128.54 at the start of the year. Since then, GRMN shares have increased by 54.1% and is now trading at $198.05.
View the best growth stocks for 2024 here
.

Garmin Ltd. (NYSE:GRMN) announced its earnings results on Wednesday, October, 30th. The scientific and technical instruments company reported $1.99 EPS for the quarter, beating analysts' consensus estimates of $1.46 by $0.53. Garmin's quarterly revenue was up 24.1% on a year-over-year basis.

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

Top institutional investors of Garmin include Robeco Institutional Asset Management B.V. (0.25%), DekaBank Deutsche Girozentrale (0.16%), National Pension Service (0.15%) and Wedge Capital Management L L P NC (0.13%). 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
.

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.

Based on aggregate information from My MarketBeat watchlists, some other companies that Garmin investors own include Humana (HUM), American Water Works (AWK), Waste Connections (WCN), Voyager Therapeutics (VYGR), TotalEnergies (TTE), NVIDIA (NVDA) and The RMR Group (RMR).

Company Calendar

Ex-Dividend for 9/27 Dividend
9/13/2024
Dividend Payable
9/27/2024
Last Earnings
10/30/2024
Today
11/02/2024
Ex-Dividend for 12/27 Dividend
12/13/2024
Dividend Payable
12/27/2024
Fiscal Year End
12/31/2024
Next Earnings (Estimated)
2/19/2025

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
$162.67
High Stock Price Target
$215.00
Low Stock Price Target
$138.00
Potential Upside/Downside
-17.9%
Consensus Rating
Reduce
Rating Score (0-4)
1.83
Research Coverage
6 Analysts

Profitability

Net Income
$1.29 billion
Pretax Margin
26.23%

Debt

Sales & Book Value

Annual Sales
$5.23 billion
Cash Flow
$6.32 per share
Book Value
$39.05 per share

Miscellaneous

Free Float
154,655,000
Market Cap
$38.07 billion
Optionable
Optionable
Beta
0.99

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This page (NYSE:GRMN) was last updated on 11/2/2024 by MarketBeat.com Staff
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