Fox Run Management L.L.C. Has $2.49 Million Position in Garmin Ltd. $GRMN

Fox Run Management L.L.C. grew its holdings in Garmin Ltd. (NYSE:GRMN) by 370.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,259 shares of the scientific and technical instruments company’s stock after purchasing an additional 9,653 shares during the period. Garmin comprises about 0.4% of Fox Run Management L.L.C.’s investment portfolio, making the stock its 10th biggest holding. Fox Run Management L.L.C.’s holdings in Garmin were worth $2,487,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Daymark Wealth Partners LLC increased its holdings in shares of Garmin by 0.7% in the 4th quarter. Daymark Wealth Partners LLC now owns 6,813 shares of the scientific and technical instruments company’s stock worth $1,382,000 after purchasing an additional 48 shares in the last quarter. S.A. Mason LLC increased its holdings in shares of Garmin by 2.4% in the 4th quarter. S.A. Mason LLC now owns 2,150 shares of the scientific and technical instruments company’s stock worth $436,000 after purchasing an additional 50 shares in the last quarter. Quadrant Capital Group LLC increased its holdings in shares of Garmin by 1.0% in the 3rd quarter. Quadrant Capital Group LLC now owns 4,917 shares of the scientific and technical instruments company’s stock worth $1,211,000 after purchasing an additional 51 shares in the last quarter. Wealthcare Advisory Partners LLC increased its holdings in shares of Garmin by 0.7% in the 3rd quarter. Wealthcare Advisory Partners LLC now owns 7,724 shares of the scientific and technical instruments company’s stock worth $1,902,000 after purchasing an additional 53 shares in the last quarter. Finally, Enhancing Capital LLC increased its holdings in shares of Garmin by 0.8% in the 3rd quarter. Enhancing Capital LLC now owns 6,898 shares of the scientific and technical instruments company’s stock worth $1,698,000 after purchasing an additional 54 shares in the last quarter. Institutional investors own 81.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on GRMN shares. Tigress Financial lifted their target price on Garmin from $320.00 to $325.00 and gave the stock a “strong-buy” rating in a report on Wednesday, May 20th. Zacks Research lowered Garmin from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Wall Street Zen raised Garmin from a “hold” rating to a “buy” rating in a report on Saturday. Barclays cut their price objective on Garmin from $240.00 to $238.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. lifted their price objective on Garmin from $265.00 to $285.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $269.40.

Garmin Stock Performance

NYSE:GRMN opened at $235.36 on Tuesday. The stock has a 50-day simple moving average of $244.61 and a two-hundred day simple moving average of $225.75. Garmin Ltd. has a 52-week low of $186.67 and a 52-week high of $273.32. The firm has a market capitalization of $45.39 billion, a PE ratio of 26.24, a P/E/G ratio of 2.79 and a beta of 0.91.

Garmin (NYSE:GRMN) last released its quarterly earnings results on Wednesday, April 29th. The scientific and technical instruments company reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.24. Garmin had a return on equity of 20.07% and a net margin of 23.26%.The business had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. During the same quarter in the previous year, the company posted $1.61 earnings per share. Garmin’s revenue for the quarter was up 14.0% on a year-over-year basis. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. Equities analysts forecast that Garmin Ltd. will post 9.53 earnings per share for the current fiscal year.

Garmin 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.