Why Garmin (GRMN) Stock Is Up Today

Garmin (GRMN) is up 4.6% today. Here is some analysis on what might have caused this price movement.

Analysis: The move appears tied to a mix of recent corporate momentum and optimism ahead of Garmin’s second-quarter 2026 earnings report scheduled for July 29, 2026. Investors also may be reacting favorably to Garmin’s acquisition of TrainingPeaks and TrainHeroic, which broadens its fitness software ecosystem and adds more recurring digital exposure.

Details:

Garmin said on July 22 that it acquired TrainingPeaks and TrainHeroic, two training platforms for athletes and coaches, expanding its reach in connected fitness and coaching tools.

The company scheduled its second-quarter 2026 earnings call for July 29, which can drive buying interest as traders position for results.

Garmin’s first-quarter 2026 results showed 14% revenue growth, a 29% increase in pro forma diluted EPS, and unchanged full-year 2026 guidance of about $7.9 billion in revenue and $9.35 in pro forma EPS.

Garmin has also kept up a steady stream of July product announcements, including new aviation, marine, golf and wearables launches, which may be reinforcing the market’s view that demand and innovation remain healthy across segments.

Sources:

Garmin Investor Relations, Garmin Newsroom, SEC

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$GRMN Insider Trading Activity

$GRMN insiders have traded $GRMN stock on the open market 23 times in the past 6 months. Of those trades, 0 have been purchases and 23 have been sales.

Here’s a breakdown of recent trading of $GRMN stock by insiders over the last 6 months:

CLIFTON A PEMBLE (President and CEO) has made 0 purchases and 4 sales selling 19,914 shares for an estimated $5,010,040.
PATRICK DESBOIS (co-COO) has made 0 purchases and 3 sales selling 6,694 shares for an estimated $1,684,565.
DOUGLAS G. BOESSEN (CFO and Treasurer) has made 0 purchases and 8 sales selling 5,966 shares for an estimated $1,456,534.
MATTHEW MUNN (EVP, Man. Director - Auto OEM) has made 0 purchases and 2 sales selling 5,275 shares for an estimated $1,323,869.
SUSAN LYMAN (VP, Consumer Sales & Marketing) has made 0 purchases and 2 sales selling 3,805 shares for an estimated $956,258.
EDWARD J. LINK (VP, Information Technology) sold 1,275 shares for an estimated $310,646
SEAN BIDDLECOMBE (Managing Director, EMEA) sold 1,071 shares for an estimated $257,854
LAURIE A MINARD (VP, Human Resources) sold 837 shares for an estimated $206,976
JOSEPH J HARTNETT sold 643 shares for an estimated $169,475

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$GRMN Hedge Fund Activity

We have seen 480 institutional investors add shares of $GRMN stock to their portfolio, and 398 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BLACKROCK, INC. removed 555,980 shares (-3.5%) from their portfolio in Q1 2026, for an estimated $128,992,919
BANK OF AMERICA CORP /DE/ added 549,954 shares (+73.8%) to their portfolio in Q1 2026, for an estimated $127,594,827
ALLIANCEBERNSTEIN L.P. added 480,138 shares (+33.1%) to their portfolio in Q1 2026, for an estimated $111,396,817
AMUNDI added 459,980 shares (+82.5%) to their portfolio in Q1 2026, for an estimated $106,719,959
UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC added 338,829 shares (+32.1%) to their portfolio in Q1 2026, for an estimated $78,611,716
SG AMERICAS SECURITIES, LLC added 333,345 shares (+192.8%) to their portfolio in Q1 2026, for an estimated $77,339,373
SQUAREPOINT OPS LLC removed 291,398 shares (-56.5%) from their portfolio in Q1 2026, for an estimated $67,607,249

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$GRMN Analyst Ratings

Wall Street analysts have issued reports on $GRMN in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Tigress Financial issued a "Strong Buy" rating on 05/20/2026

To track analyst ratings and price targets for $GRMN, check out Quiver Quantitative's $GRMN forecast page.

$GRMN Price Targets

Multiple analysts have issued price targets for $GRMN recently. We have seen 4 analysts offer price targets for $GRMN in the last 6 months, with a median target of $268.5.

Here are some recent targets:

Ivan Feinseth from Tigress Financial set a target price of $325.0 on 05/20/2026
Tim Long from Barclays set a target price of $238.0 on 04/30/2026
Joseph Cardoso from JP Morgan set a target price of $285.0 on 04/16/2026
Erik Woodring from Morgan Stanley set a target price of $252.0 on 02/19/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.