Should I buy or sell Garmin stock right now?

7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Garmin in the last year. There are currently 6 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GRMN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GRMN, but not buy additional shares or sell existing shares. View GRMN analyst ratings or view top-rated stocks .

What is Garmin's stock price target for 2024?

7 Wall Street research analysts have issued 1-year price targets for Garmin's stock. Their GRMN share price targets range from $100.00 to $175.00. On average, they anticipate the company's stock price to reach $142.33 in the next year. This suggests a possible upside of 0.1% from the stock's current price. View analysts price targets for GRMN or view top-rated stocks among Wall Street analysts .

How have GRMN shares performed in 2024?

Garmin's stock was trading at $128.54 at the beginning of 2024. Since then, GRMN stock has increased by 10.6% and is now trading at $142.22. View the best growth stocks for 2024 here .

Are investors shorting Garmin?

Garmin saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 3,010,000 shares, an increase of 35.0% from the February 29th total of 2,230,000 shares. Based on an average daily volume of 943,500 shares, the short-interest ratio is presently 3.2 days. Approximately 2.0% of the company's shares are sold short. View Garmin's Short Interest .

When is Garmin's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024. View our GRMN earnings forecast .

How can I listen to Garmin's earnings call?

Garmin will be holding an earnings conference call on Wednesday, May 1st at 10:30 AM Eastern. Interested parties can register for or listen to the call using this link .

How were Garmin's earnings last quarter?

Garmin Ltd. (NYSE:GRMN) posted its quarterly earnings data on Wednesday, February, 21st. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.32. The scientific and technical instruments company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.41 billion. Garmin had a net margin of 24.67% and a trailing twelve-month return on equity of 16.60%. Garmin's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.35 EPS.

How often does Garmin pay dividends? What is the dividend yield for Garmin?

Garmin declared a quarterly dividend on Friday, February 23rd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.75 per share on Friday, December 27th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Friday, December 13th. Read our dividend analysis for GRMN .

Is Garmin a good dividend stock?

Garmin (NYSE:GRMN) pays an annual dividend of $2.92 per share and currently has a dividend yield of 2.04%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 43.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GRMN will have a dividend payout ratio of 48.11% next year. This indicates that the company will be able to sustain or increase its dividend. Read our dividend analysis for GRMN .

What ETFs hold Garmin's stock?

ETFs with the largest weight of Garmin (NYSE:GRMN) stock in their portfolio include Global X Internet of Things Thematic ETF (SNSR) , Procure Space ETF (UFO) , WBI BullBear Quality 3000 ETF (WBIL) , WBI BullBear Yield 3000 ETF (WBIG) , Fidelity Electric Vehicles and Future Transportation ETF (FDRV) , iShares Future Metaverse Tech and Communications ETF (IVRS) , Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD) and First Trust Capital Strength ETF (FTCS) .

What guidance has Garmin issued on next quarter's earnings?

Garmin updated its FY24 earnings guidance on Wednesday, February, 21st. The company provided earnings per share guidance of $5.40 for the period, compared to the consensus estimate of $5.56. The company issued revenue guidance of $5.75 billion, compared to the consensus revenue estimate of $5.56 billion.

Who are Garmin's major shareholders?

Garmin's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Atwood & Palmer Inc. (0.05%), Cullen Investment Group LTD. (0.02%), Royal Fund Management LLC (0.01%), Unison Advisors LLC (0.01%), Czech National Bank (0.01%) and Tealwood Asset Management Inc. (0.01%). Insiders that own company stock include Cheng-Wei Wang, Clifton A Pemble, Clifton A Pemble , Douglas G Boessen, Jonathan Burrell , Matthew Munn , Patrick Desbois , Philip Straub , Sean Biddlecombe and Susan Lyman. 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 .

Does Garmin have any subsidiaries?

The following companies are subsidiares of Garmin: ActiveCaptain, Alphamantis Technologies, Belanor AS, DeLorme, Digital Cyclone, Dynastream Innovations, EME Tec Sat SAS, EmpirBus, Fairpoint Navigation A/S, Firstbeat Analytics, Flight Plan, Flight Plan LLC, Formar Electronics N.V./S.A., Fusion Electronics, Garmap (Pty) Ltd., Garmin (Europe) Ltd., Garmin AT Inc., Garmin Africa Holdings (Pty) Ltd., Garmin Argentina SRL, Garmin Australasia Pty Ltd., Garmin Austria GmbH, Garmin Austria Holding GmbH, Garmin Belux NV/SA, Garmin Brasil Comércio de Tecnologias Ltda., Garmin Canada Inc., Garmin Chile Lda, Garmin Chile Lda., Garmin China ChengDu Co. Ltd., Garmin China Co. Ltd., Garmin China Shanghai Co. Ltd., Garmin China Shanghai RHQ Co. Ltd., Garmin China Yangzhou Co. Ltd., Garmin Cluj SRL, Garmin Comercializadora S. de RL. de CV, Garmin Corporation, Garmin Czech s.r.o, Garmin Danmark Ejendomme ApS, Garmin Deutschland Beteiligungs GmbH, Garmin Deutschland GmbH, Garmin France SAS, Garmin Hrvatska d.o.o., Garmin Iberia S.A., Garmin Iberia SA, Garmin India Private Ltd., Garmin International Inc., Garmin Italia S.p.A., Garmin Italia S.r.l., Garmin Japan Ltd., Garmin Korea Ltd., Garmin Luxembourg Holdings S.à r.l., Garmin Luxembourg S.à r.l., Garmin Navigation Mexico S de RL de CV, Garmin Nederland B.V., Garmin New Zealand Ltd., Garmin Nordic Denmark A/S, Garmin Nordic Finland Holding Oy, Garmin Nordic Finland Oy, Garmin Nordic Norway AS, Garmin Nordic Norway Holding AS, Garmin Nordic Sweden AB, Garmin North America Inc., Garmin Polska Sp. z o.o., Garmin Realty LLC, Garmin Services Inc., Garmin Singapore Pte. Ltd, Garmin Southern Africa (Pty) Ltd., Garmin Spain S.L.U., Garmin Switzerland Distribution GmbH, Garmin Switzerland GmbH, Garmin USA Inc., Garmin Würzburg GmbH, Garmin trgovina in servis d.o.o., Iiyonet, MetriGear, MotionBased Technologies, Nautamatic Marine Systems, Navcor Oy, Navigon, Navionics, Navionics Inc., Navionics OÜ, Navionics S.r.l., Navionics Technologies Pvt. Ltd., Nexus Marine AB, PulsedLight, Sportsmanship International AB, Tri-Tronics, UPS Aviation Technologies, and iKubu. Read More

NYSE:GRMN

Garmin (GRMN) Stock Price, News & Analysis

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$142.42

+0.78 (+0.55%)

(As of 03:52 PM ET)

Compare

Today's Range: $141.00
▼
$143.09
50-Day Range: $121.04
▼
$149.07
52-Week Range: $94.89
▼
$149.54

Volume: 577,608 shs
Average Volume: 923,633 shs
Market Capitalization: $27.31 billion

P/E Ratio: 21.23
Dividend Yield: 2.05%
Price Target: $142.33

Get Garmin alerts:

Garmin MarketRank™ Stock Analysis

Analyst Rating: Hold
2.29 Rating Score
Upside/Downside: 0.1% Upside
$142.33 Price Target
Short Interest: Healthy
1.87% of Float Sold Short
Dividend Strength: Moderate
Based on Four Factors
Sustainability: -2.11
Upright™ Environmental Score
News Sentiment: 0.57
Based on 16 Articles This Week
Insider Trading: Selling Shares
$14.17 M Sold Last Quarter
Proj. Earnings Growth: 11.38%
From $5.45 to $6.07 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.

4.07 out of 5 stars

Computer And Technology Sector

158th out of 592 stocks

Search & Navigation Equipment Industry

3rd out of 11 stocks

1.1

Analyst's Opinion

Consensus Rating
Garmin has received a consensus rating of Hold. The company's average rating score is 2.29, and is based on no buy ratings, 6 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Garmin has only been the subject of 4 research reports in the past 90 days.

4.0

Short Interest

Percentage of Shares Shorted
1.87% 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, 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 3.99%, indicating that investor sentiment is improving.

2.5

Dividend Strength

Dividend Yield
Garmin pays a meaningful dividend of 2.04%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Garmin has only been increasing its dividend for 1 years.
Dividend Coverage
The dividend payout ratio of Garmin is 43.52%. 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 48.11% next year. This indicates that Garmin will be able to sustain or increase its dividend.

3.1

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Garmin has received a 31.15% net impact score from Upright. Garmin seems to create the most significant positive value in categories "Taxes", "Physical diseases", and "Meaning & joy". The positive contribution in the "Physical diseases" impact category is mostly driven by its "Pedometers", "Dive computers and watches", and "Gym machines" products. See details.
Environmental Sustainability
The Environmental Impact score for Garmin is -2.11.

2.0

News and Social Media Coverage

News Sentiment
Garmin has a news sentiment score of 0.57. 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 16 news articles for Garmin this week, compared to 14 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 -56% compared to the previous 30 days.
MarketBeat Follows
Only 9 people have added Garmin to their MarketBeat watchlist in the last 30 days. This is a decrease of -31% compared to the previous 30 days.

3.3

Company Ownership

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 $14,166,944.00 in company stock.
Percentage Held by Insiders
19.89% 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.

2.5

Earnings and Valuation

Earnings Growth
Earnings for Garmin are expected to grow by 11.38% in the coming year, from $5.45 to $6.07 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Garmin is 21.20, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 137.63.
Price to Earnings Ratio vs. Sector
The P/E ratio of Garmin is 21.20, 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 235.36.
Price to Earnings Growth Ratio
Garmin has a PEG Ratio of 4.69. 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 3.88. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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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

30 days | 90 days | 365 days | Advanced Chart

GRMN Stock News Headlines

March 19, 2024 | marketbeat.com

This Sector Ready to Outshine Key Rival, Says New Report

That's despite a one-month outperformance of the Consumer Staples Select Sector SPDR Fund NYSEARCA: XLP relative to the Consumer Discretionary Select Sector SPDR Fund NYSEARCA: XLY.

March 19, 2024 | marketbeat.com

This Sector Ready to Outshine Key Rival, Says New Report (GRMN)

Consumer discretionary stocks are likely to outpace consumer staples, says Bank of America. Consumers' resilience and greater automation are driving growth.

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Insider Selling: Garmin Ltd. (NYSE:GRMN) Director Sells 15,000 Shares of Stock

March 16, 2024 | insidertrades.com

Insider Selling: Garmin Ltd. (NYSE:GRMN) Director Sells 15,000 Shares of Stock

April 15, 2024 | bizjournals.com

A top member of Garmin's executive team will cut back duties

April 15, 2024 | finance.yahoo.com

Garmin expands avionics database solutions for Europe

April 13, 2024 | americanbankingnews.com

JPMorgan Chase & Co. Increases Garmin (NYSE:GRMN) Price Target to $155.00

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April 12, 2024 | yahoo.com

The latest Garmin beta update has a heart rate fix — but not the one we expected

April 11, 2024 | msn.com

Dropped your phone outdoors? Your Garmin watch can now help you find it

April 11, 2024 | americanbankingnews.com

StockNews.com Upgrades Garmin (NYSE:GRMN) to "Buy"

April 10, 2024 | msn.com

This Garmin GPS running watch is 38% off right now

April 9, 2024 | msn.com

What is Endurance Score on your Garmin watch, and how can you improve it?

April 8, 2024 | prnewswire.com

Garmin announces General Counsel transition

April 7, 2024 | msn.com

Garmin’s new heart rate monitor comfortably fit onto my sports bra, but not my budget

April 6, 2024 | msn.com

Garmin Lily 2 review: A smartwatch that doesn't scream 'fitness tracker'

April 6, 2024 | yahoo.com

Garmin Forerunner 165 review: Barely a compromise

April 5, 2024 | bizjournals.com

Garmin faces patent lawsuit alleging infringement by company's smartwatch features

April 3, 2024 | msn.com

Elevate Your Athletic Performance with Garmin Pro Solar Smartwatch, 20% Off

April 3, 2024 | msn.com

Grab the Garmin Forerunner 955 smartwatch for just $400

April 2, 2024 | msn.com

Garmin's nap tracking isn't perfect, but it's about to get a lot better

April 2, 2024 | msn.com

Garmin’s sleep tracking just got more accurate thanks to this Nap Detection upgrade

March 31, 2024 | msn.com

Garmin adds a ton of new features and bug fixes in latest beta

March 31, 2024 | msn.com

The Forerunner 165 series is the budget training watch Garmin needed

See More Headlines

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Company Calendar

Last Earnings: 2/21/2024
Ex-Dividend for 3/29 Dividend: 3/14/2024
Dividend Payable: 3/29/2024
Today: 4/16/2024
Next Earnings (Confirmed): 5/01/2024
Fiscal Year End: 12/31/2024

Get Stock Alerts

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: $142.33
High Stock Price Target: $175.00
Low Stock Price Target: $100.00
Potential Upside/Downside: +0.6%
Consensus Rating: Hold
Rating Score (0-4): 2.29
Research Coverage: 7 Analysts

Profitability

EPS (Most Recent Fiscal Year): $6.71
Trailing P/E Ratio: 21.09
Forward P/E Ratio: 25.96
P/E Growth: 4.69
Net Income: $1.29 billion
Net Margins: 24.67%
Pretax Margin: 22.96%
Return on Equity: 16.60%
Return on Assets: 13.36%

Debt

Debt-to-Equity Ratio: N/A
Current Ratio: 3.41
Quick Ratio: 2.38

Sales & Book Value

Annual Sales: $5.23 billion
Price / Sales: 5.19
Cash Flow: $6.47 per share
Price / Cash Flow: 21.87
Book Value: $36.65 per share
Price / Book: 3.86

Miscellaneous

Outstanding Shares: 191,780,000
Free Float: 153,633,000
Market Cap: $27.14 billion
Optionable: Optionable
Beta: 0.98

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Key Executives

Mr. Clifton Albert Pemble (Age 58)
President, CEO & Director
Comp: $1.26M
Mr. Douglas Gerard Boessen (Age 61)
CFO & Treasurer
Comp: $730.6k
Mr. Andrew R. Etkind (Age 68)
VP, General Counsel & Secretary
Comp: $1.13M
Mr. Philip I. Straub (Age 53)
Executive VP & MD of Aviation - Garmin International, Inc
Comp: $775.6k
Mr. Patrick G. Desbois (Age 55)
Executive Vice President of Operations - Garmin International, Inc.
Comp: $776.57k
Dr. Min-Hwan Kao Ph.D. (Age 75)
Co-Founder & Executive Chairman
Comp: $384.43k
Ms. Teri Seck
Manager of Investor Relations
Mr. Ted Gartner
Director of Corporate Communications
Ms. Laurie Minard (Age 57)
Vice President of Human Resources
Susan Lyman
VP & Global Consumer Marketing

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions

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 diverse product portfolio, including fitness, outdoor, aviation, marine, and auto segments, provides exposure to multiple industries and revenue streams.
Recent innovations in smartwatch devices and fitness accessories have positioned Garmin as a key player in the wearable technology market, which is experiencing significant growth.
Strong financial performance with consistent revenue growth and profitability, indicating a stable and well-managed company.
Expansion into new markets and partnerships, such as collaborations with major fitness brands, enhancing brand visibility and market reach.
Current stock price trends showing positive momentum, reflecting investor confidence and potential for capital appreciation.

Cons

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

Dependency on consumer discretionary spending patterns, making the company vulnerable to economic downturns or shifts in consumer preferences.
Competition from tech giants and emerging startups in the wearable technology sector could impact Garmin's market share and pricing power.
Regulatory challenges and compliance requirements in the aviation and automotive segments may pose risks to operations and profitability.
Exposure to currency exchange rate fluctuations due to global operations, potentially affecting financial results and investor returns.
Market saturation in certain product categories leading to pricing pressures and the need for continuous innovation to stay competitive.

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 Friday, April 12, 2024. Please send any questions or comments about these Garmin pros and cons to contact@marketbeat.com.

GRMN Stock Analysis - Frequently Asked Questions

Should I buy or sell Garmin stock right now?: 7 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Garmin in the last year. There are currently 6 hold ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" GRMN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in GRMN, but not buy additional shares or sell existing shares.
View GRMN analyst ratings or view top-rated stocks.
What is Garmin's stock price target for 2024?: 7 Wall Street research analysts have issued 1-year price targets for Garmin's stock. Their GRMN share price targets range from $100.00 to $175.00. On average, they anticipate the company's stock price to reach $142.33 in the next year. This suggests a possible upside of 0.1% from the stock's current price.
View analysts price targets for GRMN or view top-rated stocks among Wall Street analysts.
How have GRMN shares performed in 2024?: Garmin's stock was trading at $128.54 at the beginning of 2024. Since then, GRMN stock has increased by 10.6% and is now trading at $142.22.
View the best growth stocks for 2024 here.
Are investors shorting Garmin?: Garmin saw a increase in short interest in the month of March. As of March 15th, there was short interest totaling 3,010,000 shares, an increase of 35.0% from the February 29th total of 2,230,000 shares. Based on an average daily volume of 943,500 shares, the short-interest ratio is presently 3.2 days. Approximately 2.0% of the company's shares are sold short.
View Garmin's Short Interest.
When is Garmin's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Wednesday, May 1st 2024.
View our GRMN earnings forecast.
How can I listen to Garmin's earnings call?: Garmin will be holding an earnings conference call on Wednesday, May 1st at 10:30 AM Eastern. Interested parties can register for or listen to the call using this link.
How were Garmin's earnings last quarter?: Garmin Ltd. (NYSE:GRMN) posted its quarterly earnings data on Wednesday, February, 21st. The scientific and technical instruments company reported $1.72 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.40 by $0.32. The scientific and technical instruments company had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.41 billion. Garmin had a net margin of 24.67% and a trailing twelve-month return on equity of 16.60%. Garmin's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.35 EPS.
How often does Garmin pay dividends? What is the dividend yield for Garmin?: Garmin declared a quarterly dividend on Friday, February 23rd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.75 per share on Friday, December 27th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date of this dividend is Friday, December 13th.
Read our dividend analysis for GRMN.

Is Garmin a good dividend stock?: Garmin (NYSE:GRMN) pays an annual dividend of $2.92 per share and currently has a dividend yield of 2.04%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 43.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, GRMN will have a dividend payout ratio of 48.11% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for GRMN.
What ETFs hold Garmin's stock?: ETFs with the largest weight of Garmin (NYSE:GRMN) stock in their portfolio include Global X Internet of Things Thematic ETF (SNSR), Procure Space ETF (UFO), WBI BullBear Quality 3000 ETF (WBIL), WBI BullBear Yield 3000 ETF (WBIG), Fidelity Electric Vehicles and Future Transportation ETF (FDRV), iShares Future Metaverse Tech and Communications ETF (IVRS), Invesco S&P 500 Equal Weight Consumer Discretionary ETF (RCD) and First Trust Capital Strength ETF (FTCS).
What guidance has Garmin issued on next quarter's earnings?: Garmin updated its FY24 earnings guidance on Wednesday, February, 21st. The company provided earnings per share guidance of $5.40 for the period, compared to the consensus estimate of $5.56. The company issued revenue guidance of $5.75 billion, compared to the consensus revenue estimate of $5.56 billion.
Who are Garmin's major shareholders?: Garmin's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Atwood & Palmer Inc. (0.05%), Cullen Investment Group LTD. (0.02%), Royal Fund Management LLC (0.01%), Unison Advisors LLC (0.01%), Czech National Bank (0.01%) and Tealwood Asset Management Inc. (0.01%). Insiders that own company stock include Cheng-Wei Wang, Clifton A Pemble, Clifton A Pemble, Douglas G Boessen, Jonathan Burrell, Matthew Munn, Patrick Desbois, Philip Straub, Sean Biddlecombe and Susan Lyman.
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.
Does Garmin have any subsidiaries?: The following companies are subsidiares of Garmin: ActiveCaptain, Alphamantis Technologies, Belanor AS, DeLorme, Digital Cyclone, Dynastream Innovations, EME Tec Sat SAS, EmpirBus, Fairpoint Navigation A/S, Firstbeat Analytics, Flight Plan, Flight Plan LLC, Formar Electronics N.V./S.A., Fusion Electronics, Garmap (Pty) Ltd., Garmin (Europe) Ltd., Garmin AT Inc., Garmin Africa Holdings (Pty) Ltd., Garmin Argentina SRL, Garmin Australasia Pty Ltd., Garmin Austria GmbH, Garmin Austria Holding GmbH, Garmin Belux NV/SA, Garmin Brasil Comércio de Tecnologias Ltda., Garmin Canada Inc., Garmin Chile Lda, Garmin Chile Lda., Garmin China ChengDu Co. Ltd., Garmin China Co. Ltd., Garmin China Shanghai Co. Ltd., Garmin China Shanghai RHQ Co. Ltd., Garmin China Yangzhou Co. Ltd., Garmin Cluj SRL, Garmin Comercializadora S. de RL. de CV, Garmin Corporation, Garmin Czech s.r.o, Garmin Danmark Ejendomme ApS, Garmin Deutschland Beteiligungs GmbH, Garmin Deutschland GmbH, Garmin France SAS, Garmin Hrvatska d.o.o., Garmin Iberia S.A., Garmin Iberia SA, Garmin India Private Ltd., Garmin International Inc., Garmin Italia S.p.A., Garmin Italia S.r.l., Garmin Japan Ltd., Garmin Korea Ltd., Garmin Luxembourg Holdings S.à r.l., Garmin Luxembourg S.à r.l., Garmin Navigation Mexico S de RL de CV, Garmin Nederland B.V., Garmin New Zealand Ltd., Garmin Nordic Denmark A/S, Garmin Nordic Finland Holding Oy, Garmin Nordic Finland Oy, Garmin Nordic Norway AS, Garmin Nordic Norway Holding AS, Garmin Nordic Sweden AB, Garmin North America Inc., Garmin Polska Sp. z o.o., Garmin Realty LLC, Garmin Services Inc., Garmin Singapore Pte. Ltd, Garmin Southern Africa (Pty) Ltd., Garmin Spain S.L.U., Garmin Switzerland Distribution GmbH, Garmin Switzerland GmbH, Garmin USA Inc., Garmin Würzburg GmbH, Garmin trgovina in servis d.o.o., Iiyonet, MetriGear, MotionBased Technologies, Nautamatic Marine Systems, Navcor Oy, Navigon, Navionics, Navionics Inc., Navionics OÜ, Navionics S.r.l., Navionics Technologies Pvt. Ltd., Nexus Marine AB, PulsedLight, Sportsmanship International AB, Tri-Tronics, UPS Aviation Technologies, and iKubu.
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This page (NYSE:GRMN) was last updated on 4/16/2024 by MarketBeat.com Staff

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