Investment Analysts’ Weekly Ratings Updates for Garmin (GRMN)

Garmin (NYSE: GRMN) recently received a number of ratings updates from brokerages and research firms:

• 2/20/2025 – Garmin had its price target raised by analysts at Barclays PLC from $158.00 to $188.00. They now have an “underweight” rating on the stock.
• 2/20/2025 – Garmin had its price target raised by analysts at JPMorgan Chase & Co. from $219.00 to $260.00. They now have a “neutral” rating on the stock.
• 2/14/2025 – Garmin was upgraded by analysts at JPMorgan Chase & Co. to a “neutral” rating. They now have a $219.00 price target on the stock, up previously from $212.00.
• 2/11/2025 – Garmin was upgraded by analysts at Morgan Stanley to a “sell” rating. They now have a $171.00 price target on the stock, up previously from $164.00.

Garmin Trading Down 0.9 %

Garmin stock opened at $222.59 on Tuesday. Garmin Ltd. has a 12 month low of $133.16 and a 12 month high of $246.50. The business’s fifty day simple moving average is $213.58 and its two-hundred day simple moving average is $196.35. The company has a market capitalization of $42.83 billion, a price-to-earnings ratio of 30.45, a price-to-earnings-growth ratio of 1.36 and a beta of 0.98.

Garmin (NYSE:GRMN) last announced its quarterly earnings results on Wednesday, February 19th. The scientific and technical instruments company reported $2.41 earnings per share for the quarter, beating the consensus estimate of $1.90 by $0.51. Garmin had a net margin of 22.42% and a return on equity of 19.31%. The company had revenue of $1.82 billion during the quarter, compared to the consensus estimate of $1.70 billion. During the same quarter last year, the firm earned $1.72 earnings per share. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. On average, equities research analysts predict that Garmin Ltd. will post 7.8 EPS for the current year.

Garmin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 27th. Shareholders of record on Friday, March 13th will be paid a dividend of $0.90 per share. The ex-dividend date is Friday, March 13th. This represents a $3.60 dividend on an annualized basis and a yield of 1.62%. Garmin’s dividend payout ratio is presently 41.04%.

Insider Buying and Selling at Garmin

In other news, CFO Douglas G. Boessen sold 1,761 shares of the company’s stock in a transaction dated Friday, December 20th. The shares were sold at an average price of $207.99, for a total transaction of $366,270.39. Following the completion of the sale, the chief financial officer now owns 27,612 shares of the company’s stock, valued at $5,743,019.88. This represents a 6.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 19.54% of the company’s stock.

Institutional Trading of Garmin

Several large investors have recently added to or reduced their stakes in the business. Citigroup Inc. boosted its stake in shares of Garmin by 123.2% during the 3rd quarter. Citigroup Inc. now owns 283,412 shares of the scientific and technical instruments company’s stock worth $49,889,000 after acquiring an additional 156,441 shares during the last quarter. Trajan Wealth LLC raised its holdings in Garmin by 9.1% in the 3rd quarter. Trajan Wealth LLC now owns 82,362 shares of the scientific and technical instruments company’s stock worth $14,498,000 after purchasing an additional 6,878 shares during the period. Passumpsic Savings Bank purchased a new position in Garmin during the third quarter valued at $3,137,000. Advisors Asset Management Inc. grew its holdings in Garmin by 24.2% during the third quarter. Advisors Asset Management Inc. now owns 17,529 shares of the scientific and technical instruments company’s stock valued at $3,086,000 after purchasing an additional 3,415 shares during the period. Finally, National Pension Service grew its holdings in Garmin by 25.7% during the third quarter. National Pension Service now owns 284,065 shares of the scientific and technical instruments company’s stock valued at $50,004,000 after purchasing an additional 58,025 shares during the period. 81.60% of the stock is currently owned by institutional investors.

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.