Hawkins is a specialty chemical company with an 86-year growth track record and has paid out dividends for 39 consecutive years. Garmin is a technology products company with product lines that cover the marine, aviation, and automotive industries.
Garmin (GRMN) closed the most recent trading day at $173.15, moving -1.51% from the previous trading session.
Garmin has performed well, up 62% in the past year, but faces margin pressure due to higher interest rates and a cost-conscious consumer. Despite headwinds, Garmin's revenue grew double-digits, and EPS increased, showcasing resilience and strong fundamentals, with a solid dividend and debt-free balance sheet. Management anticipates slightly lower gross margins and EPS in 2024, but expects double-digit revenue growth, supported by new product launches and strategic acquisitions.
GRMN is benefiting from growing momentum in the Fitness and Marine segments, fueled by rising demand for innovative and cutting-edge technology.
Garmin (GRMN) closed at $169.87 in the latest trading session, marking a -1% move from the prior day.
GRMN's strong momentum in the Fitness division is driving top-line growth. However, stretched valuation keeps investors on the sidelines.
Barclays downgraded Garmin stock to sell Friday morning. The investment bank cut its 12-month price target on the stock to $133, about 27% below Thursday's closing price of $182.01 Barclays expects weak second-half sales and shrinking profit margins will be the catalysts for Garmin's share price decline.
Garmin (GRMN) closed at $182.76 in the latest trading session, marking a +0.01% move from the prior day.
Garmin rides on solid momentum across various end-markets on the back of its portfolio strength.
Garmin (GRMN) reported earnings 30 days ago. What's next for the stock?
Increasing consumer interest in health and fitness has driven demand for Garmin's smart watches and fitness trackers. Garmin's fitness product sales are leading the company's strong revenue growth.
Garmin's second-quarter earnings beat expectations, and the stock continues to climb. The company is benefiting from strong demand for its high-tech automotive solutions.