Garmin Ltd. (NYSE:GRMN) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Garmin Ltd. (NYSE:GRMN) have earned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $254.00.

Several research analysts recently issued reports on GRMN shares. Weiss Ratings reissued a “buy (b)” rating on shares of Garmin in a report on Thursday, January 22nd. Zacks Research raised shares of Garmin from a “hold” rating to a “strong-buy” rating in a report on Monday, February 23rd. JPMorgan Chase & Co. raised their target price on shares of Garmin from $250.00 to $265.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Barclays set a $240.00 target price on shares of Garmin in a report on Thursday, February 19th. Finally, Tigress Financial raised their target price on shares of Garmin from $310.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday, February 20th.

Garmin Trading Up 2.2%

NYSE GRMN opened at $242.90 on Tuesday. The company has a fifty day simple moving average of $229.75 and a two-hundred day simple moving average of $221.63. The stock has a market cap of $46.75 billion, a P/E ratio of 28.24, a P/E/G ratio of 2.85 and a beta of 0.96. Garmin has a 12-month low of $169.26 and a 12-month high of $261.69.

Garmin (NYSE:GRMN) last posted its quarterly earnings results on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.39 by $0.40. The business had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.01 billion. Garmin had a net margin of 22.96% and a return on equity of 19.64%. The business’s quarterly revenue was up 16.6% on a year-over-year basis. During the same quarter last year, the company posted $2.41 earnings per share. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. As a group, sell-side analysts forecast that Garmin will post 7.8 earnings per share for the current year.

Garmin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 26th. Investors of record on Friday, March 12th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Friday, March 12th. Garmin’s dividend payout ratio (DPR) is 41.86%.

Insider Activity

In related news, VP Susan Lyman sold 3,805 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $251.32, for a total transaction of $956,272.60. Following the completion of the transaction, the vice president owned 7,471 shares of the company’s stock, valued at $1,877,611.72. This trade represents a 33.74% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Patrick Desbois sold 6,694 shares of the firm’s stock in a transaction on Thursday, February 26th. The shares were sold at an average price of $251.65, for a total transaction of $1,684,545.10. Following the sale, the chief operating officer owned 58,540 shares in the company, valued at approximately $14,731,591. This represents a 10.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 44,403 shares of company stock valued at $10,987,074 over the last quarter. Insiders own 15.38% of the company’s stock.

Institutional Trading of Garmin

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Richardson Financial Services Inc. grew its position in Garmin by 62.2% during the third quarter. Richardson Financial Services Inc. now owns 133 shares of the scientific and technical instruments company’s stock valued at $33,000 after buying an additional 51 shares during the period. Reflection Asset Management acquired a new stake in Garmin during the fourth quarter valued at $32,000. Cornerstone Planning Group LLC grew its position in Garmin by 788.9% during the third quarter. Cornerstone Planning Group LLC now owns 160 shares of the scientific and technical instruments company’s stock valued at $39,000 after buying an additional 142 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in Garmin during the fourth quarter valued at $34,000. Finally, Tradewinds Capital Management LLC acquired a new stake in Garmin during the third quarter valued at $44,000. Institutional investors and hedge funds own 81.60% of the company’s stock.

Garmin Company Profile

Garmin Ltd. is a technology company best known for designing and manufacturing navigation, communication and information devices that leverage global positioning system (GPS) technology. The company serves a diverse set of markets including consumer fitness and wearables, automotive navigation, aviation avionics, marine electronics and outdoor handheld devices. Garmin’s products combine hardware, mapping and software services to deliver location-aware solutions for personal, recreational and professional uses.

Garmin’s product lineup includes wearable fitness and multisport watches (Forerunner, Fenix, Venu), cycling computers and accessories (Edge, Varia), handheld and handheld-mounted GPS devices for outdoor activities, automotive and portable navigation units, marine chartplotters and fishfinders, and certified avionics for fixed- and rotary-wing aircraft.