Garmin (NYSE:GRMN) CEO Clifton Pemble Sells 4,029 Shares of Stock

Garmin Ltd. (NYSE:GRMN) CEO Clifton Pemble sold 4,029 shares of Garmin stock in a transaction that occurred on Wednesday, July 29th. The shares were sold at an average price of $300.00, for a total transaction of $1,208,700.00. Following the transaction, the chief executive officer directly owned 120,127 shares in the company, valued at approximately $36,038,100. This trade represents a 3.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Garmin Stock Down 0.8%

Garmin stock opened at $295.17 on Friday. Garmin Ltd. has a 52-week low of $186.67 and a 52-week high of $304.00. The firm has a fifty day moving average of $243.03 and a 200-day moving average of $237.09. The firm has a market capitalization of $56.92 billion, a P/E ratio of 30.43, a PEG ratio of 3.42 and a beta of 0.90.

Garmin (NYSE:GRMN) last issued its earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $2.81 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.51. The business had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.93 billion. Garmin had a net margin of 24.47% and a return on equity of 20.95%. The business’s revenue for the quarter was up 11.4% compared to the same quarter last year. During the same quarter last year, the firm posted $2.17 EPS. Garmin has set its FY 2026 guidance at 10.000-10.000 EPS. On average, research analysts expect that Garmin Ltd. will post 9.8 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Morgan Stanley boosted their price objective on Garmin from $249.00 to $289.00 and gave the stock an “equal weight” rating in a research note on Thursday. Tigress Financial increased their target price on Garmin from $320.00 to $325.00 and gave the company a “strong-buy” rating in a research note on Wednesday, May 20th. JPMorgan Chase & Co. raised their target price on Garmin from $265.00 to $285.00 and gave the company a “neutral” rating in a report on Thursday, April 16th. Weiss Ratings reissued a “buy (b)” rating on shares of Garmin in a research report on Monday, June 8th. Finally, Barclays upped their price target on Garmin from $238.00 to $297.00 and gave the stock an “equal weight” rating in a report on Thursday. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $289.20.

Hedge Funds Weigh In On Garmin

A number of institutional investors have recently added to or reduced their stakes in GRMN. Groupe la Francaise boosted its position in Garmin by 346.4% in the 1st quarter. Groupe la Francaise now owns 125 shares of the scientific and technical instruments company’s stock valued at $29,000 after buying an additional 97 shares during the last quarter. Reflection Asset Management purchased a new stake in shares of Garmin during the fourth quarter worth about $32,000. Atlas Capital Advisors Inc. purchased a new stake in shares of Garmin during the fourth quarter worth about $34,000. Archer Investment Corp acquired a new position in shares of Garmin in the first quarter worth about $37,000. Finally, GraniteShares Advisors LLC acquired a new position in shares of Garmin in the fourth quarter worth about $41,000. Institutional investors and hedge funds own 81.60% of the company’s stock.

Key Stories 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.