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

Shares of Garmin Ltd. (NYSE:GRMN) have been given a consensus recommendation of “Moderate Buy” by the seven research firms that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and two have issued a strong buy rating on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $310.1667.

GRMN has been the topic of a number of recent research reports. Tigress Financial restated a “strong-buy” rating on shares of Garmin in a research report on Thursday, August 6th. Barclays boosted their target price on Garmin from $238.00 to $297.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Weiss Ratings restated a “buy (b)” rating on shares of Garmin in a report on Monday, June 8th. Wall Street Zen downgraded Garmin from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Morgan Stanley lifted their price objective on shares of Garmin from $249.00 to $289.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 30th.

Insider Transactions at Garmin

In related news, Director Sean Biddlecombe sold 986 shares of the stock in a transaction dated Friday, July 31st. The shares were sold at an average price of $292.88, for a total value of $288,779.68. Following the sale, the director directly 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 document filed with the SEC, which is available through this hyperlink. Also, CEO Clifton A. Pemble sold 4,029 shares of the firm’s stock in a transaction dated Wednesday, July 29th. The stock was sold at an average price of $300.00, for a total transaction of $1,208,700.00. Following the completion of the sale, the chief executive officer directly owned 120,127 shares of the company’s stock, valued at approximately $36,038,100. The trade was a 3.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 8,810 shares of company stock worth $2,478,157. 14.80% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of GRMN. Jones Financial Companies Lllp purchased a new stake in shares of Garmin in the second quarter worth approximately $67,000. Paradigm Capital Management Inc. NY purchased a new position in Garmin during the 2nd quarter valued at $7,625,000. Heartland Bank & Trust Co bought a new position in Garmin in the 2nd quarter valued at $241,000. Madison Asset Management LLC bought a new position in Garmin in the 2nd quarter valued at $867,000. Finally, Commerzbank Aktiengesellschaft FI purchased a new stake in Garmin in the second quarter worth $1,237,000. Institutional investors own 81.60% of the company’s stock.

Garmin Stock Up 0.1%

NYSE GRMN opened at $310.66 on Monday. The firm has a market cap of $59.91 billion, a price-to-earnings ratio of 32.03, a price-to-earnings-growth ratio of 3.47 and a beta of 0.87. The business has a 50-day moving average price of $257.05 and a 200-day moving average price of $244.30. Garmin has a twelve month low of $186.67 and a twelve month high of $314.28.

Garmin (NYSE:GRMN) last posted its earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $2.81 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.51. The company had revenue of $2.02 billion during the quarter, compared to analysts’ expectations of $1.93 billion. Garmin had a net margin of 24.47% and a return on equity of 20.95%. Garmin’s quarterly revenue was up 11.4% on a year-over-year basis. During the same period last year, the company posted $2.17 earnings per share. Garmin has set its FY 2026 guidance at 10.000-10.000 EPS. Research analysts expect that Garmin will post 10.08 EPS for the current fiscal year.

Key Stories Impacting Garmin

Here are the key news stories impacting Garmin this week:

• Positive Sentiment: Zacks raised its FY2026 EPS forecast to $10.00 from $9.35, FY2027 EPS to $10.32 from $9.82, and FY2028 EPS to $11.00 from $10.93. These revisions imply greater confidence in Garmin’s earnings growth. Garmin analyst estimate update
• Positive Sentiment: Quarterly estimates were also increased, including Q1 2027 EPS to $2.03 from $1.95, Q3 2027 EPS to $2.66 from $2.55, Q2 2027 EPS to $2.46 from $2.14, and Q2 2028 EPS to $2.69 from $2.29. The Q2 2028 revision is particularly substantial and supports the longer-term growth outlook. Garmin quarterly earnings estimates
• Positive Sentiment: The revisions follow Garmin’s latest reported quarter, when revenue rose 11.4% year over year to $2.02 billion and EPS of $2.81 exceeded the $2.30 consensus estimate, reinforcing the case for continued operating momentum.
• Neutral Sentiment: Current-year consensus EPS is approximately $10.08, broadly consistent with Zacks’ $10.00 forecast. Garmin trades at about 32 times earnings and is close to its 52-week high, leaving less room for disappointment if future results do not meet elevated expectations.
• Negative Sentiment: Zacks trimmed its Q4 2026 EPS estimate to $2.79 from $2.81 and reduced Q4 2027 EPS slightly to $3.17 from $3.18. These small cuts are limited but partially offset the otherwise favorable estimate revisions. Garmin earnings estimate revisions

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.