Douglas Boessen Sells 479 Shares of Garmin (NYSE:GRMN) Stock

Garmin Ltd. (NYSE:GRMN) CFO Douglas Boessen sold 479 shares of the business’s 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 completion of the transaction, the chief financial officer owned 28,488 shares in the company, valued at approximately $6,136,600.08. This trade represents a 1.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Garmin Stock Up 9.3%

Shares of NYSE GRMN opened at $237.23 on Thursday. Garmin Ltd. has a fifty-two week low of $169.26 and a fifty-two week high of $261.69. The business has a 50 day moving average price of $207.37 and a two-hundred day moving average price of $220.33. The firm has a market cap of $45.63 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 2.29 and a beta of 1.00.

Garmin (NYSE:GRMN) last announced its earnings results on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.39 by $0.40. Garmin had a return on equity of 19.42% and a net margin of 22.63%.The company had revenue of $2.12 billion for the quarter, compared to analyst estimates of $2.01 billion. During the same period in the prior year, the company posted $2.41 EPS. Garmin’s quarterly revenue was up 16.6% on a year-over-year basis. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. On average, analysts anticipate that Garmin Ltd. will post 7.8 earnings per share for the current year.

Garmin Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 26th. Shareholders of record on Friday, March 12th will be issued a dividend of $1.05 per share. This represents a $4.20 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend is Friday, March 12th. Garmin’s dividend payout ratio (DPR) is currently 44.33%.

Trending Headlines about Garmin

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Record quarter and beat: Garmin reported stronger-than-expected Q4 revenue and EPS, led by a 42% jump in fitness wearable sales and gains across aviation and marine — the core catalyst for the rally. PR Newswire: Garmin Q4 & FY2025 Results
• Positive Sentiment: Bullish FY2026 guidance: Garmin guided FY2026 well above Street expectations (EPS 9.35 and ~$7.9B revenue), which materially lifted forward earnings power and valuation arguments. Reuters: Garmin forecasts upbeat annual results
• Positive Sentiment: Capital returns accelerated: a new $500M share repurchase program plus a ~17% dividend increase (quarterly $1.05) signal management confidence and return cash to shareholders — a near-term demand support for the stock. MarketBeat: Garmin jumps on guidance, buybacks and dividend
• Positive Sentiment: Product and segment momentum: new product launches (Catalyst 2, zūmo XT3) and sustained strength in Fitness, Aviation and Marine support durable revenue growth and margin upside. PR Newswire: Garmin Catalyst 2
• Neutral Sentiment: Margins and segment mix: gross margin saw modest contraction but operational improvements offset much of it; Outdoors and Automotive OEM remain weaker — watch margin trends in upcoming quarters. Seeking Alpha: Q4 review
• Negative Sentiment: Minor insider sell: Garmin’s CFO sold 479 shares (disclosed), a small reduction that some investors may read as a cautionary signal despite the broader company-level buyback and dividend actions. SEC Filing: Insider Sale

Institutional Trading of Garmin

Institutional investors and hedge funds have recently made changes to their positions in the stock. Brighton Jones LLC boosted its position in Garmin by 31.3% during the 4th quarter. Brighton Jones LLC now owns 1,943 shares of the scientific and technical instruments company’s stock valued at $401,000 after purchasing an additional 463 shares during the period. NewEdge Advisors LLC lifted its stake in Garmin by 6.2% in the first quarter. NewEdge Advisors LLC now owns 5,885 shares of the scientific and technical instruments company’s stock valued at $1,278,000 after buying an additional 345 shares during the last quarter. Woodline Partners LP boosted its holdings in shares of Garmin by 40.6% during the first quarter. Woodline Partners LP now owns 13,017 shares of the scientific and technical instruments company’s stock valued at $2,826,000 after acquiring an additional 3,757 shares during the period. Focus Partners Wealth grew its position in shares of Garmin by 51.1% during the first quarter. Focus Partners Wealth now owns 6,811 shares of the scientific and technical instruments company’s stock worth $1,479,000 after acquiring an additional 2,304 shares during the last quarter. Finally, Sivia Capital Partners LLC increased its holdings in shares of Garmin by 17.0% in the 2nd quarter. Sivia Capital Partners LLC now owns 1,662 shares of the scientific and technical instruments company’s stock worth $347,000 after acquiring an additional 242 shares during the period. 81.60% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

GRMN has been the topic of several research analyst reports. Tigress Financial reaffirmed a “strong-buy” rating on shares of Garmin in a research report on Friday, December 19th. 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 note on Wednesday, December 3rd. Barclays upgraded Garmin from an “underweight” rating to an “equal weight” rating and lifted their target price for the stock from $208.00 to $217.00 in a research report on Friday, January 16th. Morgan Stanley boosted their price target on Garmin from $193.00 to $195.00 and gave the company an “underweight” rating in a report on Thursday, October 30th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Garmin in a research note on Thursday, January 22nd. One research 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $244.40.

Garmin Company 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.