Garmin (NASDAQ:GRMN)‘s stock had its “buy” rating restated by Tigress Financial in a report issued on Friday.

Other equities research analysts have also issued research reports about the company. BidaskClub lowered Garmin from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research raised Garmin from a “hold” rating to a “buy” rating and set a $67.00 price target for the company in a research note on Thursday, November 2nd. KeyCorp reaffirmed a “hold” rating on shares of Garmin in a research note on Wednesday, November 1st. Credit Suisse Group reaffirmed an “underperform” rating and set a $58.00 price target (up previously from $48.00) on shares of Garmin in a research note on Tuesday. Finally, ValuEngine raised Garmin from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. Three analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $56.57.

Shares of Garmin (NASDAQ:GRMN) traded down $1.10 during mid-day trading on Friday, reaching $58.36. The company’s stock had a trading volume of 4,151,555 shares, compared to its average volume of 1,127,734. Garmin has a 52-week low of $47.03 and a 52-week high of $63.15. The company has a market capitalization of $11,405.63, a price-to-earnings ratio of 21.12, a P/E/G ratio of 2.51 and a beta of 0.84.

Garmin (NASDAQ:GRMN) last issued its quarterly earnings results on Wednesday, November 1st. The scientific and technical instruments company reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.66 by $0.09. Garmin had a return on equity of 15.23% and a net margin of 22.65%. The firm had revenue of $743.00 million during the quarter, compared to analyst estimates of $722.00 million. During the same quarter in the previous year, the company posted $0.75 earnings per share. The company’s revenue was up 2.9% compared to the same quarter last year. research analysts expect that Garmin will post 2.9 earnings per share for the current year.

In other news, insider Clifton A. Pemble sold 4,066 shares of Garmin stock in a transaction dated Friday, October 13th. The stock was sold at an average price of $55.00, for a total value of $223,630.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Andrew R. Etkind sold 2,073 shares of Garmin stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $53.00, for a total value of $109,869.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,065,943 shares of company stock worth $64,477,247. Company insiders own 18.30% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in GRMN. Thrivent Financial For Lutherans increased its holdings in Garmin by 2.4% during the 2nd quarter. Thrivent Financial For Lutherans now owns 4,340 shares of the scientific and technical instruments company’s stock valued at $221,000 after purchasing an additional 100 shares during the period. Arizona State Retirement System increased its holdings in Garmin by 0.3% during the 2nd quarter. Arizona State Retirement System now owns 38,429 shares of the scientific and technical instruments company’s stock valued at $1,961,000 after purchasing an additional 100 shares during the period. Wedbush Securities Inc. increased its holdings in Garmin by 3.3% during the 2nd quarter. Wedbush Securities Inc. now owns 4,867 shares of the scientific and technical instruments company’s stock valued at $248,000 after purchasing an additional 156 shares during the period. US Bancorp DE increased its holdings in Garmin by 8.8% during the 2nd quarter. US Bancorp DE now owns 2,215 shares of the scientific and technical instruments company’s stock valued at $113,000 after purchasing an additional 180 shares during the period. Finally, WFG Advisors LP increased its holdings in Garmin by 11.5% during the 2nd quarter. WFG Advisors LP now owns 2,175 shares of the scientific and technical instruments company’s stock valued at $111,000 after purchasing an additional 225 shares during the period. Hedge funds and other institutional investors own 39.37% of the company’s stock.

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About Garmin

Garmin Ltd. (Garmin) and subsidiaries offer global positioning system (GPS) navigation and wireless devices and applications. The Company operates through five segments. It offers a range of auto navigation products, as well as a range of products and applications designed for the mobile GPS market. It offers products to consumers around the world, including Outdoor Handhelds, Wearable Devices, Golf Devices, and Dog Tracking and Training/Pet Obedience Devices.

Analyst Recommendations for Garmin (NASDAQ:GRMN)

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