Jefferies Financial Group Inc. Has $285,000 Stock Holdings in Garmin Ltd. $GRMN

Jefferies Financial Group Inc. decreased its position in shares of Garmin Ltd. (NYSE:GRMN) by 73.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,404 shares of the scientific and technical instruments company’s stock after selling 3,876 shares during the quarter. Jefferies Financial Group Inc.’s holdings in Garmin were worth $285,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Penserra Capital Management LLC raised its holdings in Garmin by 43.4% during the 3rd quarter. Penserra Capital Management LLC now owns 22,496 shares of the scientific and technical instruments company’s stock worth $5,538,000 after purchasing an additional 6,806 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in Garmin by 25.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,584 shares of the scientific and technical instruments company’s stock worth $5,314,000 after purchasing an additional 4,437 shares during the last quarter. Krilogy Financial LLC bought a new position in Garmin during the 3rd quarter worth approximately $1,519,000. ARK Investment Management LLC raised its holdings in Garmin by 10.9% during the 3rd quarter. ARK Investment Management LLC now owns 28,925 shares of the scientific and technical instruments company’s stock worth $7,122,000 after purchasing an additional 2,852 shares during the last quarter. Finally, Diversified Trust Co. raised its holdings in Garmin by 123.1% during the 4th quarter. Diversified Trust Co. now owns 8,248 shares of the scientific and technical instruments company’s stock worth $1,673,000 after purchasing an additional 4,551 shares during the last quarter. Institutional investors own 81.60% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on GRMN. Morgan Stanley set a $249.00 price target on shares of Garmin in a report on Thursday, April 30th. Tigress Financial raised 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. Barclays lowered their price target on shares of Garmin from $240.00 to $238.00 and set an “equal weight” rating for the company in a report on Thursday, April 30th. JPMorgan Chase & Co. lifted their price objective on shares of Garmin from $265.00 to $285.00 and gave the company a “neutral” rating in a research note on Thursday, April 16th. Finally, Zacks Research lowered shares of Garmin from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $269.40.

Garmin Trading Up 0.0%

Garmin stock opened at $234.00 on Monday. Garmin Ltd. has a 1-year low of $186.67 and a 1-year high of $273.32. The firm has a market capitalization of $45.13 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 2.76 and a beta of 0.91. The firm’s fifty day moving average price is $244.55 and its two-hundred day moving average price is $223.89.

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

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.