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Garmin (GRMN)
NYSE:GRMN
Garmin (GRMN) Stock Price & Analysis
1,242 Followers
GRMN Stock Chart & Stats
Day’s Range$0 - $0
52-Week Range$98.55 - $171.64
Previous Close$163.2
Volume528.67K
Average Volume (3M)905.10K
Market Cap
$31.35B
Enterprise Value$29.49B
Total Cash (Recent Filing)$1.97B
Total Debt (Recent Filing)$113.03M
Price to Earnings (P/E)23.0
Beta1.03
Next Earnings
Jul 31, 2024EPS Estimate
$1.43Next Dividend Ex-Date
Dec 13, 2024Dividend Yield1.79%
Share Statistics
EPS (TTM)7.09
Shares Outstanding192,077,718
10 Day Avg. Volume776,360
30 Day Avg. Volume905,101
Standard Deviation0.07
R-Squared0.49
Alpha0.00549
Financial Highlights & Ratios
Price to Book (P/B)5.04
Price to Sales (P/S)21.12
Price to Cash Flow (P/CF)16.80
P/FCF Ratio18.80
Enterprise Value/Market CapN/A
Enterprise Value/Revenue5.64
Enterprise Value/Gross Profit9.81
Enterprise Value/Ebitda22.35
Forecast
1Y Price Target
$175.25Price Target Upside7.50% Upside
Rating ConsensusHold
Number of Analyst Covering5
Garmin News
PremiumMarket News
SPY ETF Update, 5/3/2024 
Bulls Say, Bears Say
Bulls Say
Analyst ConfidenceAnalyst's high confidence in Garmin is reflected through a Strong Buy rating and a place on the Research Focus List, indicating expectations of continued share price gains due to the company's solid financial performance and product strategy.
Financial StrengthWith a strong balance sheet and robust cash flows, Garmin is strategically investing in new product development and acquisitions, while simultaneously increasing shareholder value through dividends and share repurchases.
Product Innovation And Market ExpansionIntroduction of new products and significant upgrades to the Connect integrated fitness application are enhancing Garmin's presence in the Fitness and Outdoors markets, marking a commitment to growth and innovation.
Bears Say
Consumer Spending TrendsConsumer spending trends are showing signs of a pullback, which could deter potential buyers of the company's products.
Segment ProfitabilityThe AutoOEM segment's increased P&L presence is expected to be a headwind to total company margins.
Stock ValuationThe stock is downgraded from Neutral to Underperform with a revised price objective of $150, indicating an overvaluation at the current price.
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Ownership Overview
Currently, No data available
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Risk Analysis
Main Risk Category
Finance & CorporateFinancial and accounting risks. Risks related to the execution of corporate activity and strategy
Website Traffic
The estimated number of people who visited one or more of the websites owned by Garmin
Desktop Users
Mobile Users
GRMN FAQ
What was Garmin’s price range in the past 12 months?
Garmin lowest stock price was $98.55 and its highest was $171.64 in the past 12 months.
What is Garmin’s market cap?
Currently, no data Available
When is Garmin’s upcoming earnings report date?
Garmin’s upcoming earnings report date is Jul 31, 2024 which is in 56 days.
How were Garmin’s earnings last quarter?
Garmin released its earnings results on May 01, 2024. The company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.014 by $0.406.
Is Garmin overvalued?
According to Wall Street analysts Garmin’s price is currently Undervalued.
Does Garmin pay dividends?
Garmin pays a Quarterly dividend of $0.75 which represents an annual dividend yield of 1.79%. See more information on Garmin dividends here
What is Garmin’s EPS estimate?
Garmin’s EPS estimate is $1.43.
How many shares outstanding does Garmin have?
Garmin has 192,077,710 shares outstanding.
What happened to Garmin’s price movement after its last earnings report?
Garmin reported an EPS of $1.42 in its last earnings report, beating expectations of $1.014. Following the earnings report the stock price went up 13.117%.
Which hedge fund is a major shareholder of Garmin?
Among the largest hedge funds holding Garmin’s share is Gotham Asset Management LLC. It holds Garmin’s shares valued at 7M.
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Garmin Stock Smart Score
Neutral
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Analyst Consensus
Hold
Average Price Target:
$175.25 (7.50% Upside)
$175.25 (7.50% Upside)
Blogger Sentiment
Bullish
GRMN Sentiment 100%
Sector Average 69%
Sector Average 69%
Hedge Fund Trend
Decreased
By 39.3K Shares
Last Quarter.
Last Quarter.
Insider Transactions
Sold Shares
Worth $88.6K over
the Last 3 Months
the Last 3 Months
Crowd Wisdom
Very Positive
Last 7 Days ▲ 1.5%
Last 30 Days ▲ 4.9%
Last 30 Days ▲ 4.9%
News Sentiment
Very Bullish
Bullish news 100%
Bearish news 0%
Bearish news 0%
Technicals
SMA
Positive
20 days / 200 days
Momentum
57.08%
12-Months-Change
Fundamentals
Return on Equity
19.97%
Trailing 12-Months
Asset Growth
11.75%
Trailing 12-Months
Company Description
Garmin
Switzerland-based Garmin Ltd. designs, develops, manufactures, markets, and distributes a range of navigation, communication, and information devices worldwide. It operates through five segments: Auto, Aviation, Marine, Outdoor, and Fitness.
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GRMN Company Deck
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GRMN Earnings Call
Q1 2024
0:00 / 0:00
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GRMN Net sales Breakdown
32.46% Outdoor
25.72% Fitness
17.54% Marine
16.19% Aviation
8.09% Auto OEM
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GRMN Stock 12 Month Forecast
Average Price Target
$175.25
▲(7.50% Upside)
Technical Analysis
Best Analysts Covering GRMN
1 Year
1 Year Success Rate
12/19 ratings generated profit
1 Year Average Return
+13.42%
reiterated a buy rating 22 days ago
Copying Ivan Feinseth's trades and holding each position for 1 Year would result in 63.16% of your transactions generating a profit, with an average return of +13.42% per trade.
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