Garmin Ltd. (NYSE:GRMN) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Garmin Ltd. (NYSE:GRMN) has received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $254.00.

Several equities analysts have commented on the company. Weiss Ratings reiterated a “buy (b)” rating on shares of Garmin in a research report on Thursday, January 22nd. Tigress Financial boosted their price target on Garmin from $310.00 to $320.00 and gave the stock a “strong-buy” rating in a report on Friday. Longbow Research upgraded shares of Garmin from a “neutral” rating to a “buy” rating and set a $250.00 price objective for the company in a report on Wednesday, December 3rd. Morgan Stanley lifted their target price on shares of Garmin from $193.00 to $195.00 and gave the stock an “underweight” rating in a research report on Thursday, October 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of Garmin from $250.00 to $265.00 and gave the company a “neutral” rating in a research report on Thursday.

Insider Buying and Selling

In other Garmin news, COO Patrick Desbois sold 3,678 shares of Garmin stock in a transaction dated Wednesday, January 7th. The stock was sold at an average price of $210.40, for a total transaction of $773,851.20. Following the transaction, the chief operating officer directly owned 61,798 shares of the company’s stock, valued at approximately $13,002,299.20. The trade was a 5.62% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Clifton A. Pemble sold 10,431 shares of the company’s stock in a transaction dated Tuesday, December 16th. The shares were sold at an average price of $206.23, for a total value of $2,151,185.13. Following the completion of the sale, the chief executive officer owned 135,180 shares in the company, valued at $27,878,171.40. This trade represents a 7.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 18,144 shares of company stock valued at $3,798,628 in the last quarter. 15.38% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Garmin

Several institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. increased its holdings in Garmin by 2.5% in the third quarter. Vanguard Group Inc. now owns 20,197,564 shares of the scientific and technical instruments company’s stock worth $4,973,044,000 after purchasing an additional 499,235 shares in the last quarter. State Street Corp grew its position in shares of Garmin by 1.8% during the 3rd quarter. State Street Corp now owns 7,250,844 shares of the scientific and technical instruments company’s stock worth $1,785,304,000 after buying an additional 126,677 shares during the period. Artisan Partners Limited Partnership increased its stake in shares of Garmin by 6.4% in the 2nd quarter. Artisan Partners Limited Partnership now owns 5,892,150 shares of the scientific and technical instruments company’s stock valued at $1,229,810,000 after acquiring an additional 356,161 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Garmin by 1.3% during the 2nd quarter. Geode Capital Management LLC now owns 4,606,511 shares of the scientific and technical instruments company’s stock valued at $958,405,000 after acquiring an additional 59,321 shares during the period. Finally, Norges Bank bought a new position in Garmin during the second quarter worth $410,304,000. Institutional investors own 81.60% of the company’s stock.

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 Price Performance

Shares of NYSE:GRMN opened at $248.65 on Monday. Garmin has a one year low of $169.26 and a one year high of $261.69. The company has a market cap of $47.86 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 2.34 and a beta of 1.00. The firm has a 50 day simple moving average of $208.76 and a 200 day simple moving average of $220.62.

Garmin (NYSE:GRMN) last announced its quarterly earnings results on Wednesday, February 18th. The scientific and technical instruments company reported $2.79 EPS for the quarter, beating 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 company had revenue of $2.12 billion during the quarter, compared to analysts’ expectations of $2.01 billion. During the same period in the prior year, the company earned $2.41 EPS. Garmin’s revenue was up 16.6% compared to the same quarter last year. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. As a group, analysts expect that Garmin will post 7.8 EPS for the current year.

Garmin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 26th. Investors 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 yield of 1.7%. The ex-dividend date is Friday, March 12th. Garmin’s dividend payout ratio is presently 44.33%.

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.