Garmin Ltd. (NYSE:GRMN - Get Free Report) Director Sean Biddlecombe sold 986 shares of the firm's stock in a transaction that occurred on Friday, July 31st. The stock was sold at an average price of $292.88, for a total transaction of $288,779.68. Following the completion of the transaction, the director directly owned 6,021 shares of the company's stock, valued at $1,763,430.48. This represents a 14.07% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Garmin Stock Performance
NYSE GRMN opened at $295.17 on Friday. Garmin Ltd. has a twelve month low of $186.67 and a twelve month high of $304.00. The stock has a market cap of $56.92 billion, a price-to-earnings ratio of 30.43, a PEG ratio of 3.42 and a beta of 0.90. The firm's 50 day moving average price is $243.03 and its two-hundred day moving average price is $237.09.
Garmin (NYSE:GRMN - Get Free Report) last announced its earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $2.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.51. The company had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.93 billion. Garmin had a net margin of 24.47% and a return on equity of 20.95%. The company's revenue was up 11.4% on a year-over-year basis. During the same period in the previous year, the business earned $2.17 EPS. Garmin has set its FY 2026 guidance at 10.000-10.000 EPS. On average, research analysts forecast that Garmin Ltd. will post 9.8 EPS for the current fiscal year.
Key Headlines Impacting Garmin
Here are the key news stories impacting Garmin this week:
- Positive Sentiment: Q2 beat and higher guidance: Garmin reported adjusted earnings of $2.81 per share, exceeding expectations of $2.30, while revenue increased 11.4% year over year to $2.02 billion. Growth was supported by strong demand for fitness products and advanced wearables. The company also raised its fiscal 2026 outlook, citing stronger margins and demand. Garmin Tops Q2 Earnings Estimates on Fitness Growth, Ups FY26 Guidance
- Positive Sentiment: Momentum and breakout: Coverage highlighted Garmin’s earnings-driven breakout and its ability to deliver growth despite a premium valuation. The stock reached a new 52-week high following the earnings beat, indicating continued investor confidence in its product portfolio and operating performance. Garmin Stock Breaks Out On Second-Quarter Beat, Raised Outlook
- Neutral Sentiment: Valuation debate: Analysts and financial commentary are weighing Garmin’s strong growth against a share price that may already reflect much of the improvement. This could make additional gains more dependent on continued earnings beats and guidance increases. Garmin Beats On Strong Demand, Is The Stock Now 12% Overvalued?
- Negative Sentiment: Insider selling: CEO Clifton Pemble, Vice President Joshua Maxfield and Director Sean Biddlecombe sold Garmin shares worth approximately $1.21 million, $335,000 and $289,000, respectively. Each retained a substantial position, but the cluster of sales can create a modest sentiment headwind.
- Negative Sentiment: Limited analyst upside: Morgan Stanley raised its price target to $289 from $249 but maintained an “equal weight” rating. The new target remains below the recent trading level, signaling that the firm views much of Garmin’s earnings optimism as already reflected in the stock.
Institutional Trading of Garmin
Several hedge funds and other institutional investors have recently modified their holdings of GRMN. Groupe la Francaise raised its holdings in Garmin by 346.4% during the first quarter. Groupe la Francaise now owns 125 shares of the scientific and technical instruments company's stock valued at $29,000 after buying an additional 97 shares in the last quarter. Reflection Asset Management bought a new stake in shares of Garmin during the 4th quarter worth about $32,000. Atlas Capital Advisors Inc. bought a new stake in shares of Garmin during the 4th quarter worth about $34,000. Archer Investment Corp acquired a new position in shares of Garmin during the 1st quarter valued at about $37,000. Finally, GraniteShares Advisors LLC acquired a new position in shares of Garmin during the 4th quarter valued at about $41,000. 81.60% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities research analysts recently issued reports on the company. Barclays increased their price objective on Garmin from $238.00 to $297.00 and gave the stock an "equal weight" rating in a research note on Thursday. Zacks Research cut Garmin from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 1st. JPMorgan Chase & Co. upped their target price on Garmin from $265.00 to $285.00 and gave the company a "neutral" rating in a report on Thursday, April 16th. Morgan Stanley increased their price target on shares of Garmin from $249.00 to $289.00 and gave the stock an "equal weight" rating in a research report on Thursday. Finally, Weiss Ratings restated a "buy (b)" rating on shares of Garmin in a report on Monday, June 8th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, Garmin presently has an average rating of "Moderate Buy" and an average price target of $289.20.
Check Out Our Latest Stock Analysis on GRMN
About Garmin
(
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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