Garmin downgraded by BofA Securities with a new price target
$GRMN
Industrial Machinery/Components
Industrials
BofA Securities downgraded Garmin from Neutral to Underperform and set a new price target of $150.00 from $165.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/7/2024 | $155.00 → $138.00 | Equal-Weight → Underweight | Morgan Stanley |
| 9/13/2024 | $181.00 → $133.00 | Equal Weight → Underweight | Barclays |
| 5/22/2024 | $165.00 → $150.00 | Neutral → Underperform | BofA Securities |
| 1/8/2024 | $135.00 | Overweight → Neutral | JP Morgan |
| 7/5/2023 | $115.00 | Overweight | JP Morgan |
| 4/19/2023 | Sector Weight | KeyBanc Capital Markets | |
| 11/9/2022 | $97.00 | Equal Weight | Barclays |
| 8/2/2022 | $137.00 → $109.00 | Buy → Neutral | BofA Securities |
SC 13G - GARMIN LTD (0001121788) (Subject)
SC 13G/A - GARMIN LTD (0001121788) (Subject)
SC 13G/A - GARMIN LTD (0001121788) (Subject)
Reports record full-year revenue and profit, and proposes a 20% dividend increase SCHAFFHAUSEN, Switzerland, Feb. 19, 2025 /PRNewswire/ -- Garmin® Ltd. (NYSE:GRMN), today announced results for the fourth quarter ended December 28, 2024. Highlights for fourth quarter 2024 include: Consolidated revenue of $1.82 billion, a 23% increase compared to the prior year quarterGross margin expanded to 59.3% from 58.3% in the prior year quarterOperating margin expanded to 28.3% compared to 23.0% in the prior year quarterOperating income was $516 million, a 52% increase compared to the pri
SCHAFFHAUSEN, Switzerland, Jan. 15, 2025 /PRNewswire/ -- Garmin Ltd. (NYSE:GRMN) invites shareholders and investors to listen to its fourth quarter 2024 earnings conference call on Wednesday, February 19, 2025, at 10:30 a.m. EDT, with executives of Garmin. The call will be held in conjunction with the company's earnings release, which will be distributed prior to market open on February 19, 2025. What: Garmin Ltd. Fourth Quarter 2024 Earnings Call When: Wednesday, February 19, 2025, at 10:30 a.m. EDT Where: Join the live webcast at http://www.garmin.com/en-US/company/investors
Company reports record third quarter consolidated revenue and operating income, and raises full year guidance SCHAFFHAUSEN, Switzerland, Oct. 30, 2024 /PRNewswire/ -- Garmin® Ltd. (NYSE:GRMN), today announced results for the third quarter ended September 28, 2024. Highlights for third quarter 2024 include: Consolidated revenue of $1.59 billion, a 24% increase compared to the prior year quarterGross and operating margins expanded to 60.0% and 27.6%, respectivelyOperating income of $437 million, a 62% increase compared to the prior year quarterGAAP EPS of $2.07 and pro forma EPS
Morgan Stanley downgraded Garmin from Equal-Weight to Underweight and set a new price target of $138.00 from $155.00 previously
Barclays downgraded Garmin from Equal Weight to Underweight and set a new price target of $133.00 from $181.00 previously
BofA Securities downgraded Garmin from Neutral to Underperform and set a new price target of $150.00 from $165.00 previously
wellteq has appointed Mr Andrew Hvzid as Head of Growth, North America.Based out of Toronto, Canada, Andrew Hvzid will be instrumental in accelerating wellteq's market share within the Corporate Wellness, Insurance and Health Provider sectors of Canada and North America, as well as leveraging the Company's existing distribution partners WTW (NASDAQ:WTW) and Garmin (NASDAQ:GRMN) in these new territories.Mr Hvzid brings over a decade of executive experience in building strategic partnerships, identifying revenue-generating opportunities and optimising resources to propel growth across the health, fitness and education sectors.Digital health is projected to be a USD 295.4 billion industry by 20
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10-K - GARMIN LTD (0001121788) (Filer)
8-K - GARMIN LTD (0001121788) (Filer)
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Leading international boat builder group honors Garmin marinefor outstanding service and support for second year in a row OLATHE, Kan., March 20, 2025 /PRNewswire/ -- Garmin (NYSE:GRMN), the world's most innovative and recognized marine electronics manufacturer, today announced it was awarded the prestigious Supplier of the Year distinction by Independent Boat Builders, Inc. (IBBI). The marine industry's largest purchasing cooperative, IBBI is comprised of a 15-owner network of leading boat brands that collectively build more than 25% of all boats sold in the U.S. Each year, IBBI recognizes one company that stands out among its all its suppliers for providing outstanding service, support and
Award honors Garmin for superior service, support and innovation OLATHE, Kan., March 19, 2025 /PRNewswire/ -- Garmin (NYSE:GRMN) is proud to announce it received the prestigious Supplier of the Year honor from Cirrus Aircraft at PX25, their Supplier Conference held February 26 in Knoxville, Tennessee. Cirrus Aircraft, an aerospace leader in personal aviation, recognizes one strategic supplier that has exemplified outstanding performance, innovation and collaboration, playing a crucial role in advancing Cirrus's mission and vision. "It is an honor to be recognized as the Suppl
In its next phase, the Health and Happiness Study aims to collect wellbeing data from over 10,000 global participants using surveys, Garmin smartwatches, and smartphones OLATHE, Kan., March 18, 2025 /PRNewswire/ -- Garmin (NYSE:GRMN), in collaboration with researchers at Harvard University and the University of Oxford, today announced the early results from the first largescale study of its kind in this field, which seeks to identify predictors of happiness and wellbeing using data from smartwatches and smartphones to inform global public policies and product development. As the exclusive smartwatch provider, Garmin plays a critical role by leveraging the high-quality sensor data of its pr