Garmin (GRMN) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $211.03 to $215.10
• 50-Day Range: $161.57 to $214.50
• 52-Week Range: $119.15 to $216.44
• Volume: 602,144 shs
• Average Volume: 862,300 shs
• Market Capitalization: $40.73 billion
• P/E Ratio: 26.91
• Dividend Yield: 1.41%
• Price Target: $162.67
• Consensus Rating: Reduce

Garmin Stock Analysis - MarketRank™

Garmin scored higher than 92% of companies evaluated by MarketBeat, and ranked 133rd out of 644 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.9 / 5
• Analyst Rating: Reduce

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.

Earnings and Valuation

• Score: 2.5 / 5
• Proj. Earnings Growth: 9.27%

Earnings Growth

Earnings for Garmin are expected to grow by 9.27% in the coming year, from $7.01 to $7.66 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Garmin is 26.91, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 124.08.

Price to Earnings Ratio vs. Sector

The P/E ratio of Garmin is 26.91, 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 265.46.

Price to Earnings Growth Ratio

Garmin has a PEG Ratio of 1.42. 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 5.43. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

2.11% 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 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Garmin has recently decreased by 17.88%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 2.5 / 5
• Dividend Strength: Moderate

Dividend Yield

Garmin pays a meaningful dividend of 1.40%, 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 39.16% next year. This indicates that Garmin will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 3.0 / 5
• Environmental Score: -2.39

Percentage of Shares Shorted

2.11% 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 3.6, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Garmin has recently decreased by 17.88%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 3.7 / 5
• News Sentiment: 0.69

News Sentiment

Garmin has a news sentiment score of 0.69. 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 is a higher news sentiment than the 0.58 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 20 news articles for Garmin this week, compared to 14 articles on an average week.

Search Interest

12 people have searched for GRMN on MarketBeat in the last 30 days. This is an increase of 50% compared to the previous 30 days.

MarketBeat Follows

9 people have added Garmin to their MarketBeat watchlist in the last 30 days. This is an increase of 125% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

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 $638,159.00 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.

GRMN Stock Analysis - Frequently Asked Questions

How have GRMN shares performed this year?

Garmin's stock was trading at $128.54 at the start of the year. Since then, GRMN shares have increased by 65.0% and is now trading at $212.09.
View the best growth stocks for 2024 here.

How were Garmin's earnings last quarter?

Garmin Ltd. (NYSE:GRMN) issued its quarterly earnings data on Wednesday, October, 30th. The scientific and technical instruments company reported $1.99 earnings per share for the quarter, beating analysts' consensus estimates of $1.46 by $0.53. The company's quarterly revenue was up 24.1% compared to the same quarter last year.

Does Garmin have any subsidiaries?

Garmin subsidiaries include these companies: Firstbeat Analytics, Flight Plan, EmpirBus, Navionics, Alphamantis Technologies, ActiveCaptain, Iiyonet, and more.

Who are Garmin's major shareholders?

Top institutional shareholders of Garmin include State Street Corp (3.60%), Geode Capital Management LLC (2.27%), FMR LLC (1.97%) and Disciplined Growth Investors Inc. MN (0.73%). 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.

What other stocks do shareholders of Garmin own?

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

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

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Computer and Technology
• Industry: Search & navigation equipment
• Sub-Industry: Consumer Electronics
• Current Symbol: NYSE:GRMN
• CUSIP: H2906T10
• CIK: 1121788
• Web: www.garmin.com
• Phone: (152) 630-1600
• Fax: 1-345-945-3390
• 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: -23.3%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.83
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $7.88
• Trailing P/E Ratio: 26.91
• Forward P/E Ratio: 30.26
• P/E Growth: 1.42
• Net Income: $1.29 billion
• Net Margins: 25.48%
• Pretax Margin: 26.23%
• Return on Equity: 17.99%
• Return on Assets: 14.59%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 3.30
• Quick Ratio: 2.35

Sales & Book Value

• Annual Sales: $5.23 billion
• Price / Sales: 7.79
• Cash Flow: $6.47 per share
• Price / Cash Flow: 32.79
• Book Value: $39.09 per share
• Price / Book: 5.43

Miscellaneous

• Outstanding Shares: 192,020,000
• Free Float: 154,503,000
• Market Cap: $40.73 billion
• Optionable: Optionable
• Beta: 0.97