Janus Henderson Group PLC Sells 45,720 Shares of Garmin Ltd. $GRMN

Janus Henderson Group PLC trimmed its position in Garmin Ltd. (NYSE:GRMN) by 10.3% during the first quarter, HoldingsChannel.com reports. The fund owned 397,876 shares of the scientific and technical instruments company’s stock after selling 45,720 shares during the period. Janus Henderson Group PLC’s holdings in Garmin were worth $92,311,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in GRMN. Reflection Asset Management acquired a new stake in Garmin during the 4th quarter worth $32,000. Atlas Capital Advisors Inc. acquired a new position in shares of Garmin during the fourth quarter worth about $34,000. Archer Investment Corp acquired a new stake in Garmin in the 1st quarter valued at approximately $37,000. GraniteShares Advisors LLC bought a new stake in Garmin in the 4th quarter valued at approximately $41,000. Finally, Torren Management LLC bought a new position in shares of Garmin during the 4th quarter worth approximately $41,000. 81.60% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

GRMN has been the subject of a number of analyst reports. Barclays lifted their price objective on shares of Garmin from $238.00 to $297.00 and gave the company an “equal weight” rating in a research report on Thursday. Tigress Financial raised their price objective on Garmin from $320.00 to $325.00 and gave the company a “strong-buy” rating in a research report on Wednesday, May 20th. Zacks Research cut shares of Garmin from a “strong-buy” rating to a “hold” rating in a report on Friday, May 1st. JPMorgan Chase & Co. boosted their price target on Garmin from $265.00 to $285.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Finally, Wall Street Zen downgraded Garmin from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $289.20.

Insider Activity at Garmin

In other Garmin news, VP Joshua H. Maxfield sold 1,152 shares of the business’s stock in a transaction on Friday, July 31st. The shares were sold at an average price of $291.13, for a total transaction of $335,381.76. Following the completion of the sale, the vice president owned 15,042 shares in the company, valued at approximately $4,379,177.46. The trade was a 7.11% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Joseph J. Hartnett sold 643 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was sold at an average price of $263.57, for a total transaction of $169,475.51. Following the completion of the sale, the director owned 21,277 shares in the company, valued at $5,607,978.89. This represents a 2.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 8,810 shares of company stock worth $2,478,157. Corporate insiders own 14.80% of the company’s stock.

Garmin Trading Down 0.8%

Garmin stock opened at $295.17 on Friday. Garmin Ltd. has a 12 month low of $186.67 and a 12 month high of $304.00. The company has a market capitalization of $56.92 billion, a PE ratio of 30.43, a P/E/G ratio of 3.42 and a beta of 0.90. The stock has a 50-day moving average price of $243.03 and a two-hundred day moving average price of $237.09.

Garmin (NYSE:GRMN) last released its quarterly 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 firm had revenue of $2.02 billion for the quarter, compared to analyst estimates of $1.93 billion. Garmin had a return on equity of 20.95% and a net margin of 24.47%.The business’s revenue was up 11.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.17 EPS. Garmin has set its FY 2026 guidance at 10.000-10.000 EPS. As a group, analysts predict that Garmin Ltd. will post 9.8 earnings per share for the current fiscal year.

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.

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.