Garmin (NYSE:GRMN) Director Sells $288,779.68 in Stock

Garmin Ltd. (NYSE:GRMN) Director Sean Biddlecombe sold 986 shares of the business’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $292.88, for a total value of $288,779.68. Following the completion of the transaction, the director 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Garmin Price Performance

Garmin stock opened at $295.17 on Monday. Garmin Ltd. has a one year low of $186.67 and a one year high of $304.00. The stock has a market capitalization of $56.92 billion, a PE ratio of 30.43, a price-to-earnings-growth ratio of 3.28 and a beta of 0.87. The business’s fifty day moving average is $243.03 and its 200 day moving average is $237.27.

Garmin (NYSE:GRMN) last issued its earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $2.81 earnings per share for the quarter, topping analysts’ consensus estimates of $2.30 by $0.51. The business had revenue of $2.02 billion during the quarter, compared to analyst estimates of $1.93 billion. Garmin had a return on equity of 20.95% and a net margin of 24.47%.Garmin’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.17 EPS. Garmin has set its FY 2026 guidance at 10.000-10.000 EPS. As a group, sell-side analysts expect that Garmin Ltd. will post 10.1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

GRMN has been the subject of several research reports. Zacks Research cut shares of Garmin from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Tigress Financial lifted their target price on shares of Garmin from $320.00 to $325.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, May 20th. Wall Street Zen downgraded shares of Garmin from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Barclays boosted their target price on shares of Garmin from $238.00 to $297.00 and gave the company an “equal weight” rating in a research note on Thursday. Finally, Weiss Ratings reissued 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 assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Garmin currently has an average rating of “Moderate Buy” and a consensus price target of $289.20.

Hedge Funds Weigh In On Garmin

Several institutional investors have recently made changes to their positions in the business. State Street Corp boosted its holdings in shares of Garmin by 1.8% in the third 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 last quarter. Norges Bank purchased a new stake in Garmin during the fourth quarter valued at approximately $395,234,000. Northern Trust Corp increased its holdings in Garmin by 3.8% during the fourth quarter. Northern Trust Corp now owns 1,719,677 shares of the scientific and technical instruments company’s stock valued at $348,836,000 after buying an additional 63,283 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Garmin by 2.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,631,843 shares of the scientific and technical instruments company’s stock worth $378,540,000 after acquiring an additional 40,474 shares during the period. Finally, Disciplined Growth Investors Inc. MN raised its position in Garmin by 0.4% in the second quarter. Disciplined Growth Investors Inc. MN now owns 1,419,365 shares of the scientific and technical instruments company’s stock worth $296,250,000 after acquiring an additional 5,213 shares during the period. Institutional investors own 81.60% of the company’s stock.

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.

About Garmin

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.