Garmin surged to $206.09 per share this afternoon, but it remains 33.31% above its mean target price of $154.59. There may still be room for more downwards movement — even after today's 23.9% drop. Analysts are giving the Large-Cap Farm & Heavy Construction Machinery stock on average rating of hold, with target prices ranging from $118.0 to $215.0 per share.
Garmin's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 3.0%. The stock's short ratio is 5.69. The company's insiders own 19.2% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 56.4%. In conclusion, we believe there is mixed market sentiment regarding Garmin.
Institutions Invested in Garmin
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-06-30 | Vanguard Group Inc | 9% | 17,722,872 | $3,652,506,625 |
| 2024-06-30 | Blackrock Inc. | 7% | 14,105,100 | $2,906,920,007 |
| 2024-06-30 | Artisan Partners Limited Partnership | 4% | 7,252,649 | $1,494,698,405 |
| 2024-06-30 | State Street Corporation | 4% | 6,778,233 | $1,396,926,014 |
| 2024-06-30 | Geode Capital Management, LLC | 2% | 4,250,649 | $876,016,236 |
| 2024-06-30 | FMR, LLC | 1% | 2,681,935 | $552,719,974 |
| 2024-06-30 | JP Morgan Chase & Company | 1% | 2,659,767 | $548,151,371 |
| 2024-06-30 | First Trust Advisors LP | 1% | 2,034,715 | $419,334,406 |
| 2024-06-30 | Select Equity Group, Inc. | 1% | 2,006,563 | $413,532,561 |
| 2024-06-30 | Norges Bank Investment Management | 1% | 1,918,563 | $395,396,641 |
