Key Points
- Insider sale: Director Sean Biddlecombe sold 1,071 shares on Feb. 20 at an average of $240.76 for $257,853.96, cutting his stake by 11.96% to 7,884 shares (≈$1.90M).
- Strong quarterly results and guidance: Garmin topped Q4 estimates with $2.79 EPS (vs. $2.39 expected) and $2.12B revenue (+16.6% YoY) and set FY2026 guidance at $9.35 EPS.
- Shareholder returns boosted: Management proposed roughly a 17% raise to the quarterly dividend (quarterly $1.05, annualized $4.20, yield ~1.7%, ex-dividend Mar. 12) and authorized a $500M share-repurchase program.
Garmin Ltd. (NYSE:GRMN - Get Free Report) Director Sean Biddlecombe sold 1,071 shares of the firm's stock in a transaction on Friday, February 20th. The stock was sold at an average price of $240.76, for a total transaction of $257,853.96. Following the transaction, the director directly owned 7,884 shares of the company's stock, valued at approximately $1,898,151.84. This represents a 11.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Garmin Stock Performance
Shares of Garmin stock opened at $248.65 on Friday. Garmin Ltd. has a 1 year low of $169.26 and a 1 year high of $261.69. The firm's 50-day simple moving average is $208.76 and its 200-day simple moving average is $220.62. The firm has a market cap of $47.82 billion, a PE ratio of 28.91, a price-to-earnings-growth ratio of 2.34 and a beta of 1.00.
Garmin (NYSE:GRMN - Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 EPS for the quarter, topping analysts' consensus estimates of $2.39 by $0.40. Garmin had a return on equity of 19.64% and a net margin of 22.96%.The business had revenue of $2.12 billion during the quarter, compared to the consensus estimate of $2.01 billion. During the same period last year, the firm earned $2.41 earnings per share. The company's revenue for the quarter was up 16.6% compared to the same quarter last year. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. On average, equities analysts predict that Garmin Ltd. will post 7.8 earnings per share for the current year.
Garmin Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, March 26th. Stockholders of record on Friday, March 12th will be issued a $1.05 dividend. This represents a $4.20 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Friday, March 12th. Garmin's payout ratio is 41.86%.
Institutional Trading of Garmin
A number of large investors have recently modified their holdings of the company. Corient Private Wealth LLC boosted its stake in Garmin by 59.0% during the 4th quarter. Corient Private Wealth LLC now owns 32,562 shares of the scientific and technical instruments company's stock valued at $6,605,000 after purchasing an additional 12,084 shares during the period. Alpine Woods Capital Investors LLC increased its stake in shares of Garmin by 9.6% in the fourth quarter. Alpine Woods Capital Investors LLC now owns 10,209 shares of the scientific and technical instruments company's stock valued at $2,071,000 after purchasing an additional 895 shares during the period. Summit Global Investments bought a new stake in shares of Garmin during the fourth quarter valued at approximately $210,000. Vident Advisory LLC raised its holdings in shares of Garmin by 11.8% during the fourth quarter. Vident Advisory LLC now owns 13,600 shares of the scientific and technical instruments company's stock valued at $2,759,000 after buying an additional 1,438 shares during the last quarter. Finally, FAS Wealth Partners Inc. boosted its position in shares of Garmin by 5.4% during the fourth quarter. FAS Wealth Partners Inc. now owns 18,366 shares of the scientific and technical instruments company's stock worth $3,725,000 after buying an additional 938 shares during the period. Institutional investors and hedge funds own 81.60% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts have weighed in on GRMN shares. JPMorgan Chase & Co. boosted their target price on shares of Garmin from $250.00 to $265.00 and gave the company a "neutral" rating in a research note on Thursday. Tigress Financial raised their price target on shares of Garmin from $310.00 to $320.00 and gave the stock a "strong-buy" rating in a research report on Friday. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Garmin in a research report on Thursday, January 22nd. Morgan Stanley increased their price objective on shares of Garmin from $193.00 to $195.00 and gave the stock an "underweight" rating in a research note on Thursday, October 30th. Finally, Longbow Research raised shares of Garmin from a "neutral" rating to a "buy" rating and set a $250.00 target price on the stock in a report on Wednesday, December 3rd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $254.00.
Check Out Our Latest Stock Report on GRMN
More Garmin News
Here are the key news stories impacting Garmin this week:
- Positive Sentiment: Q4 results beat expectations — Garmin reported record Q4 revenue (~$2.12B) and pro forma EPS of $2.79, with strong double‑digit growth in Fitness, Aviation and Marine; management issued above‑consensus FY‑2026 guidance. Garmin's Q4 Earnings Surpass Estimates
- Positive Sentiment: Capital returns boosted — company proposed a ~17% raise to the quarterly dividend and authorized a new $500M share‑repurchase program, improving shareholder yield and reducing float. Garmin Jumps on Guidance, Then Doubles Down on Buybacks and a Bigger Dividend
- Positive Sentiment: Upgrades and positive coverage — Zacks moved Garmin to a Rank #2 (Buy) and several outlets highlighted the company as a steady-growth name, supporting near‑term demand for the shares. All You Need to Know About Garmin (GRMN) Rating Upgrade to Buy
- Positive Sentiment: Additional analyst support — Morgan Stanley and other outlets published upgrades/comments after the results, and JPMorgan raised its price target (to $265), adding institutional credibility. Morgan Stanley upgrades Garmin (GRMN)
- Neutral Sentiment: Valuation considerations — coverage notes that Garmin now trades at a premium to the market (~mid‑20s P/E) after the move; some analysts still stress valuation even as growth outlook improves. Assessing Garmin (GRMN) Valuation After Earnings
- Negative Sentiment: Insider selling noted — data aggregators show insider sales in recent months, which some investors watch as a cautionary signal even amid strong company results. QuiverQuant analysis & insider activity
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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