Free Trial
NYSE:GRMN

Garmin (GRMN) Stock Price, News & Analysis

$178.50
+2.02 (+1.14%)
(As of 08/21/2024 ET)
Today's Range
$177.11
$178.98
50-Day Range
$159.58
$179.34
52-Week Range
$99.61
$179.76
Volume
976,419 shs
Average Volume
849,328 shs
Market Capitalization
$34.28 billion
P/E Ratio
25.18
Dividend Yield
1.68%
Price Target
$156.83

Garmin MarketRank™ Stock Analysis

Analyst Rating
Hold
2.17 Rating Score
Upside/​Downside
12.1% Downside
$156.83 Price Target
Short Interest
Healthy
1.39% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-2.08
Upright™ Environmental Score
News Sentiment
0.47mentions of Garmin in the last 14 days
Based on 20 Articles This Week
Insider Trading
Selling Shares
$1.05 M Sold Last Quarter
Proj. Earnings Growth
9.83%
From $6.00 to $6.59 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.

4.40 out of 5 stars

Computer And Technology Sector

137th out of 594 stocks

Search & Navigation Equipment Industry

2nd out of 10 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

GRMN Sep 2024 185.000 put (GRMN240920P00185000)
Garmin (NYSE:GRMN) Upgraded to Buy by StockNews.com
Wanted Dead: Petrodollar
The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.
Garmin's (NYSE:GRMN) Dividend Will Be $0.75
StockNews.com Upgrades Garmin (NYSE:GRMN) to Buy
Wanted Dead: Petrodollar
The death of the "petrodollar" seems imminent. And the implications could not be worse for Americans. Russia, China and India have decided to abandon the petrodollar.
See More Headlines
Receive GRMN Stock News and Ratings via Email

Sign-up to receive the latest news and ratings for Garmin and its competitors with MarketBeat's FREE daily newsletter.

Company Calendar

Last Earnings
7/31/2024
Today
8/21/2024
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
-12.1%
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
$6.83 per share
Book Value
$36.44 per share

Miscellaneous

Free Float
154,546,000
Market Cap
$34.28 billion
Optionable
Optionable
Beta
0.98

Social Links

Elon Musk's Next Move Cover

Wondering when you'll finally be able to invest in SpaceX, StarLink, or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.

Get This Free Report

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 stock price has shown consistent growth, reaching a 12-month high of $179.76.
  • Garmin's diverse range of wireless devices, including fitness watches, cycling products, smartwatches, scales, and fitness accessories, cater to a broad consumer base.
  • Recent insider transactions, such as executives selling shares, may indicate confidence in the company's future performance.
  • Positive analyst ratings and price target increases suggest a favorable outlook for Garmin's stock.
  • Garmin's market capitalization of $32.18 billion reflects its position as a significant player in the industry.

Cons

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

  • Despite recent positive developments, there is a risk associated with investing in a company with a price-to-earnings-growth ratio of 3.55.
  • Bank of America recently downgraded Garmin's rating to "underperform," indicating potential challenges ahead.
  • One research analyst has issued a sell rating on Garmin's stock, signaling concerns about its future performance.
  • The company's beta of 0.98 suggests moderate volatility compared to the market average.
  • While the average price target is $156.83, there is uncertainty in the market sentiment with a consensus rating of "Hold."
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 11, 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 stock has increased by 38.9% and is now trading at $178.4950.
View the best growth stocks for 2024 here
.

How were Garmin's earnings last quarter?

Garmin Ltd. (NYSE:GRMN) released its quarterly earnings data on Wednesday, July, 31st. The scientific and technical instruments company reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.40 by $0.18. The company's revenue for the quarter was up 14.3% 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 others.

Who are Garmin's major shareholders?

Garmin's top institutional shareholders 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 and Sean Biddlecombe.
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 8/22/2024 by MarketBeat.com Staff

From Our Partners