Jefferies Financial Group Inc. Lowers Stock Position in Garmin Ltd. $GRMN

Jefferies Financial Group Inc. lowered its position in Garmin Ltd. (NYSE:GRMN) by 73.4% in the 4th quarter, HoldingsChannel.com reports. The firm owned 1,404 shares of the scientific and technical instruments company’s stock after selling 3,876 shares during the period. Jefferies Financial Group Inc.’s holdings in Garmin were worth $285,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in GRMN. Cornerstone Planning Group LLC raised its holdings in shares of Garmin by 788.9% in the third quarter. Cornerstone Planning Group LLC now owns 160 shares of the scientific and technical instruments company’s stock valued at $39,000 after purchasing an additional 142 shares during the last quarter. GraniteShares Advisors LLC purchased a new stake in shares of Garmin in the fourth quarter valued at about $41,000. Torren Management LLC purchased a new stake in shares of Garmin in the fourth quarter valued at about $41,000. Elyxium Wealth LLC purchased a new stake in shares of Garmin in the fourth quarter valued at about $60,000. Finally, Camelot Portfolios LLC purchased a new stake in shares of Garmin in the fourth quarter valued at about $81,000. Hedge funds and other institutional investors own 81.60% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on GRMN shares. Morgan Stanley set a $249.00 price target on shares of Garmin in a report on Thursday, April 30th. Tigress Financial boosted their price target on shares of Garmin from $320.00 to $325.00 and gave the stock a “strong-buy” rating in a report on Wednesday, May 20th. Zacks Research downgraded shares of Garmin from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. Barclays cut their price target on shares of Garmin from $240.00 to $238.00 and set an “equal weight” rating on the stock in a report on Thursday, April 30th. Finally, JPMorgan Chase & Co. boosted their price target on shares of Garmin from $265.00 to $285.00 and gave the stock a “neutral” rating in a report on Thursday, April 16th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $269.40.

Garmin Stock Up 0.0%

Shares of NYSE GRMN opened at $234.00 on Monday. Garmin Ltd. has a 52 week low of $186.67 and a 52 week high of $273.32. The business has a 50-day simple moving average of $244.55 and a two-hundred day simple moving average of $223.89. The company has a market cap of $45.13 billion, a P/E ratio of 26.09, a P/E/G ratio of 2.76 and a beta of 0.91.

Garmin (NYSE:GRMN) last released its quarterly earnings data on Wednesday, April 29th. The scientific and technical instruments company reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.24. The company had revenue of $1.75 billion during the quarter, compared to analyst estimates of $1.72 billion. Garmin had a net margin of 23.26% and a return on equity of 20.07%. Garmin’s revenue was up 14.0% compared to the same quarter last year. During the same period last year, the business earned $1.61 earnings per share. Garmin has set its FY 2026 guidance at 9.350-9.350 EPS. Equities research analysts anticipate that Garmin Ltd. will post 9.53 EPS for the current year.

Garmin Profile

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.