Joshua Maxfield Sells 1,152 Shares of Garmin (NYSE:GRMN) Stock

Garmin Ltd. (NYSE:GRMN) VP Joshua Maxfield sold 1,152 shares of the company’s stock in a transaction on Friday, July 31st. The stock was sold at an average price of $291.13, for a total value of $335,381.76. Following the transaction, the vice president directly owned 15,042 shares in the company, valued at approximately $4,379,177.46. The trade was a 7.11% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link.

Garmin Trading Down 0.8%

Shares of GRMN 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 stock has a fifty day moving average price of $243.03 and a 200-day moving average price of $237.09. The firm has a market cap of $56.92 billion, a PE ratio of 30.43, a P/E/G ratio of 3.38 and a beta of 0.90.

Garmin (NYSE:GRMN) last announced its earnings results on Wednesday, July 29th. The scientific and technical instruments company reported $2.81 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.51. Garmin had a return on equity of 20.95% and a net margin of 24.47%.The firm had revenue of $2.02 billion for the quarter, compared to the consensus estimate of $1.93 billion. During the same period in the previous year, the business earned $2.17 EPS. The firm’s revenue for the quarter was up 11.4% on a year-over-year basis. Garmin has set its FY 2026 guidance at 10.000-10.000 EPS. As a group, research analysts forecast that Garmin Ltd. will post 10.1 EPS for the current 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.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the stock. Zacks Research lowered shares of Garmin from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 1st. Barclays upped their price objective on shares of Garmin from $238.00 to $297.00 and gave the company an “equal weight” rating in a report on Thursday. JPMorgan Chase & Co. increased their price objective on shares of Garmin from $265.00 to $285.00 and gave the stock a “neutral” rating in a research note on Thursday, April 16th. Morgan Stanley raised their target price on shares of Garmin from $249.00 to $289.00 and gave the stock an “equal weight” rating in a report on Thursday. Finally, Tigress Financial boosted their target price on shares of Garmin from $320.00 to $325.00 and gave the company a “strong-buy” rating in a research report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $289.20.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Trust Asset Management LLC increased its stake in Garmin by 4.5% during the second quarter. Trust Asset Management LLC now owns 1,792 shares of the scientific and technical instruments company’s stock worth $426,000 after acquiring an additional 77 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Garmin by 2.2% in the 2nd quarter. Handelsbanken Fonder AB now owns 196,267 shares of the scientific and technical instruments company’s stock valued at $46,621,000 after purchasing an additional 4,252 shares during the last quarter. City Holding Co. lifted its stake in shares of Garmin by 1.4% in the 2nd quarter. City Holding Co. now owns 10,413 shares of the scientific and technical instruments company’s stock valued at $2,473,000 after purchasing an additional 145 shares during the last quarter. Herbst Group LLC grew its holdings in shares of Garmin by 41.5% during the 2nd quarter. Herbst Group LLC now owns 5,800 shares of the scientific and technical instruments company’s stock worth $1,378,000 after purchasing an additional 1,700 shares during the period. Finally, Sax Wealth Advisors LLC grew its holdings in shares of Garmin by 38.0% during the 2nd quarter. Sax Wealth Advisors LLC now owns 1,851 shares of the scientific and technical instruments company’s stock worth $429,000 after purchasing an additional 510 shares during the period. 81.60% of the stock is currently owned by institutional investors and hedge funds.

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.