Is Garmin Stock a Good Investment?

Garmin Investment Advice

GRMN

To provide specific investment advice or recommendations on Garmin stock, we recommend investors consider the following general factors when evaluating Garmin. This will help you to make an informed decision on whether to include Garmin in one of your diversified portfolios:

Examine Garmin's financial health by looking at its balance sheet, income statement, and cash flow statement. Analyze key financial ratios, such as Price-to-Earnings (P/E), Price-to-Sales (P/S), and Price-to-Book (P/B), to determine whether the stock is fairly valued or over/undervalued.
Research Garmin's leadership team and their track record. Good management can help Garmin navigate difficult times and make strategic decisions that benefit shareholders and increases its net worth.
Consider the overall health of the Consumer Electronics space and any emerging trends that could impact Garmin's business and its evolving consumer preferences.
Compare Garmin's performance and market position to its competitors. Analyze how Garmin is positioned in terms of product offerings, innovation, and market share.
Check if Garmin pays a dividend and its dividend yield and payout ratio.
Review what financial analysts are saying about Garmin's stock and their price targets. However, remember that analysts' opinions can vary, and their predictions may not always be accurate.

It's important to note that investing in Garmin stock, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember that it's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. Below is a detailed guide on how to decide if Garmin is a good investment.

Sell

Buy

Strong Buy

Macroaxis provides investment recommendation on Garmin to complement and cross-verify current analyst consensus on Garmin. Our trade recommendations engine determines the entity's potential to grow exclusively from the perspective of an investor's current risk tolerance and investing horizon. To make sure Garmin is not overpriced, please check out all Garmin fundamentals, including its cash flow from operations, working capital, and the relationship between the cash per share and number of employees . Given that Garmin has a price to earning of 17.96 X, we strongly advise you to confirm Garmin market performance and probability of bankruptcy to ensure the company can sustain itself in the current economic cycle given your regular risk tolerance and investing horizon.

Market Performance	Weak	Details
Volatility	Very steady	Details
Hype Condition	Low key	Details
Current Valuation	Overvalued	Details
Odds Of Distress	Very Small	Details
Economic Sensitivity	Slowly supersedes the market	Details
Investor Sentiment	Alarmed	Details
Analyst Consensus	Hold	Details
Financial Strenth (F Score)	Strong	Details
Financial Leverage	Not Rated	Details
Reporting Quality (M-Score)	Possible Manipulator	Details

Examine Garmin Stock

Researching Garmin's stock involves analyzing various aspects of the company and its industry to make an informed investment decision. The key areas to focus on are fundamentals, business model and competitive advantage. It is also important to analyze trends in revenue, net income, and cash flow, as well as key financial ratios, such as price-to-earnings (P/E), price-to-sales (P/S), and debt-to-equity (D/E). About 19.0% of the company shares are held by company insiders. The company recorded earning per share (EPS) of 7.87. Garmin last dividend was issued on the 13th of March 2025. The entity had 2:1 split on the 16th of August 2006.

To determine if Garmin is a good investment, evaluating the company's potential for future growth is also very important. This may include expanding into new markets, launching new products or services, or improving operational efficiency. Companies with strong growth prospects can be more attractive investments. This aspect of the research should be conducted in the context of the overall market and industry in which the company operates and should include an analysis of growth potential, competitive landscape, and any regulatory or economic factors that could impact the business. Some of the essential points regarding Garmin's research are outlined below:

	Garmin is unlikely to experience financial distress in the next 2 years
	Garmin has a strong financial position based on the latest SEC filings
	About 57.0% of the company shares are owned by institutional investors
	On 27th of December 2024 Garmin paid $ 0.75 per share dividend to its current shareholders
	Latest headline from investors.com: Investing Action Plan Walmart, Rivian And Warren Buffetts Favorite Oil Stock To Report

Garmin Quarterly Accounts Payable

374.02 Million

Garmin uses earnings reports to provide investors with an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. Therefore, it is also crucial when considering investing in Garmin. Every quarterly earnings report provides investors with an overview of sales, expenses, and net income for the most recent period. It also may provide a comparison to Garmin's previous reporting period. The quarterly earnings reports are usually disseminated to the public via Form 10-Q, which is a legal document filed with the Securities and Exchange Commission every quarter.

	21st of February 2024 Upcoming Quarterly Report	View
	1st of May 2024 Next Financial Report	View
	31st of December 2023 Next Fiscal Quarter End	View
	21st of February 2024 Next Fiscal Year End	View
	30th of September 2023 Last Quarter Report	View
	31st of December 2022 Last Financial Announcement	View

Earnings surprises can significantly impact Garmin's stock price both in the short term and over time. Negative earnings surprises usually result in a price decline. However, it has been seen that positive earnings surprises lead to an immediate rise in a stock's price and a gradual increase over time. This is why we often hear news about some companies beating earning projections. Financial analysts spend a large amount of time predicting earnings per share (EPS) along with other important future indicators. Many analysts use forecasting models, management guidance, and additional fundamental information to derive an EPS estimate. Below are the table of largest EPS Surprises Garmin's investors have experienced.

Reported	Fiscal Date	Estimated EPS	Reported EPS	Surprise
2003-10-29	2003-09-30	0.18	0.2	0.02	11
2002-10-30	2002-09-30	0.12	0.14	0.02	16
2001-11-01	2001-09-30	0.1	0.12	0.02	20
2003-04-30	2003-03-31	0.16	0.19	0.03	18
2003-02-12	2002-12-31	0.18	0.21	0.03	16
2001-02-14	2000-12-31	0.11	0.14	0.03	27
2005-02-09	2004-12-31	0.28	0.32	0.04	14
2005-07-27	2005-06-30	0.29	0.35	0.06	20

Garmin Target Price Consensus

Garmin target price is determined by taking all analyst projections and averaging them out. There is no one specific way to measure analysts' performance other than comparing it to past results via a very sophisticated attribution analysis. Garmin's target price projections below should be used in combination with other traditional price prediction techniques such as stock price forecasting, investor sentiment analysis, technical analysis, earnings estimate, and various momentum models.

Hold

Most Garmin analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to help potential investors understand Garmin stock's fair price compared to its market value. Analysts arrive at stock ratings after researching the public financial statements of Garmin, talking to its executives and customers, or listening to those companies' conference calls.

Macroaxis Advice Exposure Valuation

Garmin Target Price Projection

Garmin's current and average target prices are 212.62 and 192.26, respectively. The current price of Garmin is the price at which Garmin is currently trading. On the other hand, Garmin's target price is what analysts think the stock is worth or could sell for in the future. The more significant the discrepancy between the two prices, the more it stimulates investors to act.

Current Price

Garmin Market Quote on 16th of February 2025

Low Price	209.32	Odds
High Price	213.73	Odds

212.62 Target Price

Analyst Consensus On Garmin Target Price

Low Estimate	174.96	Odds
High Estimate	213.41	Odds

192.265

Historical

Lowest Forecast 174.96

Target Price 192.27

Highest Forecast 213.41

Note that most analysts generally publish their price targets in research reports on specific companies, along with recommendations for the company's stock.Although price targets are often quoted in the financial news media, there could be a delay between the publication of the latest analyst outlook on Garmin and the information provided on this page.

Garmin Analyst Ratings

Garmin's analyst stock recommendations are determined by taking an average estimate of all analysts we track and classifying them as Strong Buy, Buy, Hold, Strong Sell, or Sell. Ratings generally communicate what analysts sense about Garmin stock, and they use a lot of effort and time to analyze it and arrive at a rating. That suggests that analyst recommendations are the outcome of an objective and thorough examination of Garmin's financials, market performance, and future outlook by experienced professionals. Garmin's historical ratings below, therefore, can serve as a valuable tool for investors.

Know Garmin's Top Institutional Investors

Have you ever been surprised when a price of an equity instrument such as Garmin is soaring high without any particular reason? This is usually happening because many institutional investors are aggressively trading Garmin backward and forwards among themselves. Garmin's institutional investor refers to the entity that pools money to purchase Garmin's securities or originate loans. Institutional investors include commercial and private banks, credit unions, insurance companies, pension funds, hedge funds, endowments, and mutual funds. Operating companies that invest excess capital in these types of assets may also be included in the term and may influence corporate governance by exercising voting rights in their investments.

		Shares
Select Equity Group Lp	2024-09-30	1.5 M
Northern Trust Corp	2024-09-30	1.4 M
Disciplined Growth Investors Inc	2024-09-30	1.4 M
Legal & General Group Plc	2024-09-30	1.4 M
Wells Fargo & Co	2024-09-30	1.2 M
Marshall Wace Asset Management Ltd	2024-09-30	1.1 M
Aqr Capital Management Llc	2024-09-30	967.4 K
Goldman Sachs Group Inc	2024-09-30	967 K
Bank Of New York Mellon Corp	2024-12-31	956.9 K
Vanguard Group Inc	2024-09-30	17.9 M
Blackrock Inc	2024-09-30	14.8 M

Note, although Garmin's institutional investors appear to be way more sophisticated than retail investors, it remains unclear if professional active investment managers can reliably enhance risk-adjusted returns by an amount that exceeds fees and expenses.

Garmin's market capitalization trends

The company currently falls under 'Large-Cap' category with a current market capitalization of 40.83 B.

Market Cap

6.62 Billion

Garmin's profitablity analysis

	Last Reported	Projected for Next Year
Return On Tangible Assets	0.16	0.20
Return On Capital Employed	0.18	0.25
Return On Assets	0.14	0.19
Return On Equity	0.18	0.24

The company has Profit Margin (PM) of 0.25 %, which maeans that even a very small decline in it revenue will erase profits resulting in a net loss. This is way below average. Similarly, it shows Operating Margin (OM) of 0.28 %, which suggests for every 100 dollars of sales, it generated a net operating income of $0.28.

Determining Garmin's profitability involves analyzing its financial statements and using various financial metrics to determine if Garmin is a good buy. For example, gross profit margin measures Garmin's profitability after accounting for the cost of goods sold, while net profit margin measures profitability after accounting for all expenses. Other important metrics include return on assets, return on equity, and free cash flow. By reviewing multiple sources and metrics, you can gain a complete picture of Garmin's profitability and make more informed investment decisions.

Garmin's Earnings Breakdown by Geography

Evaluate Garmin's management efficiency

Garmin has return on total asset (ROA) of 0.1024 % which means that it generated a profit of $0.1024 on every $100 spent on assets. This is way below average. Similarly, it shows a return on stockholder's equity (ROE) of 0.2191 %, meaning that it created $0.2191 on every $100 dollars invested by stockholders. Garmin's management efficiency ratios could be used to measure how well Garmin manages its routine affairs as well as how well it operates its assets and liabilities. As of the 16th of February 2025, Return On Tangible Assets is likely to grow to 0.20. Also, Return On Capital Employed is likely to grow to 0.25. At this time, Garmin's Return On Tangible Assets are very stable compared to the past year. As of the 16th of February 2025, Fixed Asset Turnover is likely to grow to 6.30, while Intangible Assets are likely to drop about 134 M.

	Last Reported	Projected for Next Year
Book Value Per Share	29.00	30.45
Tangible Book Value Per Share	25.51	26.79
Enterprise Value Over EBITDA	16.02	15.74
Price Book Value Ratio	3.29	4.82
Enterprise Value Multiple	16.02	15.74
Price Fair Value	3.29	4.82
Enterprise Value	6.2 B	6.2 B

Garmin has shown resilience through effective management strategies. Our analysis examines how these strategies influence financial outcomes and investor returns which helps in understanding the stock's long-term potential.

Dividend Yield

0.0141

Forward Dividend Yield

0.0141

Forward Dividend Rate

Beta

0.992

Basic technical analysis of Garmin Stock

As of the 16th of February 2025, Garmin retains the Downside Deviation of 1.01, market risk adjusted performance of 0.0086, and Risk Adjusted Performance of 0.0095. Garmin technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices.

Garmin's insider trading activities

Some recent studies suggest that insider trading raises the cost of capital for securities issuers and decreases overall economic growth. Trading by specific Garmin insiders, such as employees or executives, is commonly permitted as long as it does not rely on Garmin's material information that is not in the public domain. Local jurisdictions usually require such trading to be reported in order to monitor insider transactions. In many U.S. states, trading conducted by corporate officers, key employees, directors, or significant shareholders must be reported to the regulator or publicly disclosed, usually within a few business days of the trade. In these cases Garmin insiders are required to file a Form 4 with the U.S. Securities and Exchange Commission (SEC) when buying or selling shares of their own companies.

		Min Kao over three months ago Disposition of 13815 shares by Min Kao of Garmin subject to Rule 16b-3
		Philip Straub over three months ago Disposition of 2750 shares by Philip Straub of Garmin at 181.4628 subject to Rule 16b-3
		Jonathan Burrell over six months ago Disposition of 132600 shares by Jonathan Burrell of Garmin subject to Rule 16b-3

Garmin's Outstanding Corporate Bonds

Garmin issues bonds to finance its operations. Corporate bonds make up one of the largest components of the U.S. bond market, which is considered the world's largest securities market. Garmin uses the proceeds from bond sales for a wide variety of purposes, including financing ongoing mergers and acquisitions, buying new equipment, investing in research and development, buying back their own stock, paying dividends to shareholders, and even refinancing existing debt. Most Garmin bonds can be classified according to their maturity, which is the date when Garmin has to pay back the principal to investors. Maturities can be short-term, medium-term, or long-term (more than ten years). Longer-term bonds usually offer higher interest rates but may entail additional risks.

	MPLX LP 4125 Corp Bond US55336VAK61	View
	MPLX LP 4875 Corp Bond US55336VAJ98	View
	MPLX LP 52 Corp Bond US55336VAL45	View
	Valero Energy Partners Corp Bond US91914JAA07	View

View All Garmin Corporate Bonds

Understand Garmin's technical and predictive indicators

Using predictive indicators to make investment decisions involves analyzing Garmin's various financial and market-based factors to help forecast future trends and identify investment opportunities. Select the indicators that are most relevant to your investment strategy. Each indicator has its own strengths and weaknesses, so it's essential to combine multiple indicators to get a more comprehensive view of the market and reduce the risk of making poor decisions based on limited data.

	Risk Adjusted Performance	0.0095
	Market Risk Adjusted Performance	0.0086
	Mean Deviation	0.796
	Semi Deviation	0.9895
	Downside Deviation	1.01
	Coefficient Of Variation	10536.88
	Standard Deviation	0.9835
	Variance	0.9674
	Information Ratio	(0)
	Jensen Alpha	(0)
	Total Risk Alpha	(0)
	Sortino Ratio	(0)
	Treynor Ratio	(0)
	Maximum Drawdown	4.2
	Value At Risk	(1.74)
	Potential Upside	1.71
	Downside Variance	1.02
	Semi Variance	0.979
	Expected Short fall	(0.81)
	Skewness	(0.10)
	Kurtosis	(0.32)

	Risk Adjusted Performance	0.0095
	Market Risk Adjusted Performance	0.0086
	Mean Deviation	0.796
	Semi Deviation	0.9895
	Downside Deviation	1.01
	Coefficient Of Variation	10536.88
	Standard Deviation	0.9835
	Variance	0.9674
	Information Ratio	(0)
	Jensen Alpha	(0)
	Total Risk Alpha	(0)
	Sortino Ratio	(0)
	Treynor Ratio	(0)
	Maximum Drawdown	4.2
	Value At Risk	(1.74)
	Potential Upside	1.71
	Downside Variance	1.02
	Semi Variance	0.979
	Expected Short fall	(0.81)
	Skewness	(0.10)
	Kurtosis	(0.32)

Consider Garmin's intraday indicators

Garmin intraday indicators are useful technical analysis tools used by many experienced traders. Just like the conventional technical analysis, daily indicators help intraday investors to analyze the price movement with the timing of Garmin stock daily movement. By combining multiple daily indicators into a single trading strategy, you can limit your risk while still earning strong returns on your managed positions.

	Accumulation Distribution	0.0206
	Daily Balance Of Power	0.542
	Rate Of Daily Change	1.01
	Day Median Price	211.52
	Day Typical Price	211.89
	Market Facilitation Index	4.41
	Price Action Indicator	2.29
	Period Momentum Indicator	2.39
	Relative Strength Index	47.48

Garmin Corporate Filings

	31st of January 2025 Other Reports	View Verify
	17th of January 2025 Other Reports	View Verify
F4	31st of December 2024 The report filed by a party regarding the acquisition or disposition of a company's common stock, as well as derivative securities such as options, warrants, and convertible securities	View Verify
10K	29th of November 2024 An amendment to a previously filed Form 10-K	View Verify

Garmin time-series forecasting models is one of many Garmin's stock analysis techniques aimed to predict future share value based on previously observed values. Time-series forecasting models ae widely used for non-stationary data. Non-stationary data are called the data whose statistical properties e.g. the mean and standard deviation are not constant over time but instead, these metrics vary over time. These non-stationary Garmin's historical data is usually called time-series. Some empirical experimentation suggests that the statistical forecasting models outperform the models based exclusively on fundamental analysis to predict the direction of the market movement and maximize returns from investment trading.

Garmin Stock media impact

Far too much social signal, news, headlines, and media speculation about Garmin that are available to investors today. That information is available publicly through Garmin media outlets and privately through word of mouth or via Garmin internal channels. However, regardless of the origin, that massive amount of Garmin data is challenging to quantify into actionable patterns, especially for investors that are not very sophisticated with ever-evolving tools and techniques used in the investment management field.

A primary focus of Garmin news analysis is to determine if its current price reflects all relevant headlines and social signals impacting the current market conditions. A news analyst typically looks at the history of Garmin relative headlines and hype rather than examining external drivers such as technical or fundamental data. It is believed that price action tends to repeat itself due to investors' collective, patterned thinking related to Garmin's headlines and news coverage data. This data is often completely overlooked or insufficiently analyzed for actionable insights to drive Garmin alpha.

Garmin Sentiment by Major News Outlets

Investor sentiment, mood or attitude towards Garmin can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.

Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

Garmin Historical Investor Sentiment

Investor biases related to Garmin's public news can be used to forecast risks associated with an investment in Garmin. The trend in average sentiment can be used to explain how an investor holding Garmin can time the market purely based on public headlines and social activities around Garmin. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Garmin's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Garmin and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average Garmin news discussions. The higher the estimate score, the more favorable the investor's outlook on Garmin.

Garmin Maximum Pain Price Across May 16th 2025 Option Contracts

Garmin's options can also be used to analyze investors' bias and current market sentiment in the context of behavioral finance. For example, Max pain usually refers to a trading concept that asserts that market manipulation can cause the market price of Garmin close to the expiration of its current option contract to expire worthlessly. According to most research, about 35% of options are not executed, with roughly 50% traded out before expiration. So, Max pain occurs when market makers reach a net favorable position across all options at a strike price where option holders stand to lose the most money. By contrast, option sellers may reap the most after selling more options than buying, causing them to expire worthlessly. Please continue to view the detailed analysis of Garmin's options.

Garmin Corporate Executives

Elected by the shareholders, the Garmin's board of directors comprises two types of representatives: Garmin inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Garmin. The board's role is to monitor Garmin's management team and ensure that shareholders' interests are well served. Garmin's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Garmin's outside directors are responsible for providing unbiased perspectives on the board's policies.

	Douglas Boessen	Chief Financial Officer, Treasurer	Profile
	Douglas CPA	CFO Treasurer	Profile

When determining whether Garmin offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Garmin's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Garmin Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Garmin Stock: