Key Points
- CFO Douglas Boessen sold 479 shares on Feb. 13 at an average price of $215.41 for about $103,181, reducing his stake by 1.65% to 28,488 shares, as disclosed in an SEC filing.
- Shares opened at $217.62 with a market cap near $41.9 billion, and Wall Street consensus is a “Moderate Buy” with a $244.40 average target price.
- Garmin recently launched products like the Catalyst 2 and zūmo XT3 and analysts forecast double‑digit Q4 revenue growth from wearables, marine and aviation, though some previews warn of possible margin pressure.
Garmin Ltd. (NYSE:GRMN - Get Free Report) CFO Douglas Boessen sold 479 shares of the stock in a transaction dated Friday, February 13th. The stock was sold at an average price of $215.41, for a total value of $103,181.39. Following the sale, the chief financial officer directly owned 28,488 shares in the company, valued at $6,136,600.08. This represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Garmin Stock Up 1.3%
Shares of GRMN stock opened at $217.62 on Wednesday. The stock has a market cap of $41.86 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 2.27 and a beta of 1.00. The business has a 50-day simple moving average of $206.83 and a 200-day simple moving average of $220.21. Garmin Ltd. has a 52-week low of $169.26 and a 52-week high of $261.69.
Trending Headlines about Garmin
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Wall Street Analysts Forecast Growth
GRMN has been the topic of several recent research reports. Longbow Research upgraded Garmin from a "neutral" rating to a "buy" rating and set a $250.00 price objective on the stock in a research report on Wednesday, December 3rd. Morgan Stanley increased their price target on shares of Garmin from $193.00 to $195.00 and gave the stock an "underweight" rating in a report on Thursday, October 30th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Garmin in a report on Thursday, January 22nd. Tigress Financial reiterated a "strong-buy" rating on shares of Garmin in a research report on Friday, December 19th. Finally, Barclays raised shares of Garmin from an "underweight" rating to an "equal weight" rating and increased their target price for the stock from $208.00 to $217.00 in a research note on Friday, January 16th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $244.40.
Check Out Our Latest Research Report on Garmin
Institutional Trading of Garmin
Institutional investors have recently modified their holdings of the stock. Mather Group LLC. raised its position in shares of Garmin by 1.2% during the 3rd quarter. Mather Group LLC. now owns 3,749 shares of the scientific and technical instruments company's stock worth $923,000 after purchasing an additional 44 shares during the last quarter. Smith Moore & CO. increased its stake in Garmin by 4.3% during the 2nd quarter. Smith Moore & CO. now owns 1,151 shares of the scientific and technical instruments company's stock worth $240,000 after buying an additional 47 shares in the last quarter. BSW Wealth Partners raised its holdings in shares of Garmin by 2.9% during the third quarter. BSW Wealth Partners now owns 1,724 shares of the scientific and technical instruments company's stock valued at $425,000 after acquiring an additional 48 shares during the last quarter. Daymark Wealth Partners LLC lifted its position in shares of Garmin by 0.7% in the fourth quarter. Daymark Wealth Partners LLC now owns 6,813 shares of the scientific and technical instruments company's stock valued at $1,382,000 after acquiring an additional 48 shares in the last quarter. Finally, SYM FINANCIAL Corp boosted its stake in shares of Garmin by 4.0% in the third quarter. SYM FINANCIAL Corp now owns 1,294 shares of the scientific and technical instruments company's stock worth $319,000 after acquiring an additional 50 shares during the last quarter. Institutional investors and hedge funds own 81.60% of the company's stock.
Garmin Company Profile
(
Get Free Report)
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.
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