An Insider Monkey analysis says Garmin shares closed at $295.05 on Sept. 24, up nearly 25% this year. Revenue rose about 14% and profit nearly 20% over 12 months; its fitness division grew about 25% last quarter. Shares trade at roughly 30 times earnings.
Garmin's fitness division generated more operating profit than aviation and marine combined, with an operating margin above 35%. Aviation and marine each earn close to 30 cents per dollar, while the automotive-parts business barely breaks even. Garmin also has several billion dollars in net cash, almost no debt and a dividend yield near 1.5%.
The analysis says analysts' consensus rating is Hold and the share price is above their average price target. It flags the risk that Apple or Samsung product cycles could challenge the fitness division, and that aviation and marine demand may weaken when wealthy buyers defer purchases. Hedge-fund holders fell from 56 to 37 in Q2 2026. The article identifies fitness margin in Garmin's Oct. 28 report as a key figure to watch.
