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NASDAQ:FAST

Fastenal - FAST Stock Forecast, Price & News

$52.63
+0.28 (+0.53%)
(As of 03/28/2023 12:00 AM ET)
Add
Compare
Today's Range
$52.17
$52.84
50-Day Range
$46.80
$55.29
52-Week Range
$43.73
$60.74
Volume
1.71 million shs
Average Volume
3.38 million shs
Market Capitalization
$30.05 billion
P/E Ratio
27.70
Dividend Yield
2.66%
Price Target
$51.14

Fastenal MarketRank™ Forecast

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
2.8% Downside
$51.14 Price Target
Short Interest
Healthy
2.35% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.42
Upright™ Environmental Score
News Sentiment
0.59mentions of Fastenal in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$798,600 Sold Last Quarter
Proj. Earnings Growth
5.67%
From $1.94 to $2.05 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.30 out of 5 stars

Retail/Wholesale Sector

92nd out of 212 stocks

Building Materials, Hardware, Garden Supply & Mobile Home Dealers Industry

3rd out of 5 stocks


FAST stock logo

About Fastenal (NASDAQ:FAST) Stock

Fastenal Co. engages in the distribution of fasteners and tools. It also operates hardware stores. The company was founded by Robert A. Kierlin, Michael M. Gostomski, Henry K. McCannon, John D. Remick, and Stephen M. Slaggie in November 1967 and is headquartered in Winona, MN.

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FAST Stock News Headlines

Boring is Beautiful, Illinois Tool Works Stock Fits the Bill (FAST)
The markets have been so volatile since the pandemic that boring and stable businesses that report in GAAP numbers are a welcome respite for investors.
Is Fastenal Setting Up a Furious Flag Breakout?
The stock of industrial and construction supplies wholesaler Fastenal (NASDAQ: FAST) may set up a weekly bull flag breakout. The business of selling
The "King Of Quants" sees 10X potential...
Eric Fry believes he just discovered America's next "Wealth Supercluster" and it's forming in the place you'd least expect. Investors are already flocking there for a chance at 1,000%+ returns. Here's how you could join them before it's too late...
Fastenal Names New Executive VP of Human Resources
Why We See 30% Upside Potential In Fastenal's Stock
BREAKING: Tiny biotech successfully treats blindness
There's a tiny biotech in Cambridge that's using a breakthrough technology to treat blindness. This company has already shown success in human trials... And Our research shows that anyone who gets in today could see a 46,751% return.
Fastenal (FAST) Hikes Dividend by 13% to Reward Investors
What's in the Cards for Fastenal (FAST) in Q4 Earnings?
Fastenal: Fasten Up
See More Headlines
Receive FAST Stock News and Ratings via Email

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FAST Company Calendar

Last Earnings
1/19/2023
Ex-Dividend for 3/2 Dividend
2/01/2023
Dividend Payable
3/02/2023
Today
3/28/2023
Next Earnings (Confirmed)
4/13/2023
Fiscal Year End
12/31/2023

Industry, Sector and Symbol

Industry
Building materials, hardware, garden supply & mobile home dealers
Sub-Industry
Trading Companies & Distributors
Current Symbol
NASDAQ:FAST
CUSIP
31190010
Employees
22,386
Year Founded
1967

Price Target and Rating

Average Stock Price Forecast
$51.14
High Stock Price Forecast
$60.00
Low Stock Price Forecast
$42.00
Forecasted Upside/Downside
-2.8%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
7 Analysts

Profitability

Net Income
$1.09 billion
Pretax Margin
20.63%

Debt

Sales & Book Value

Annual Sales
$6.98 billion
Cash Flow
$2.23 per share
Book Value
$5.54 per share

Miscellaneous

Free Float
568,392,000
Market Cap
$30.05 billion
Optionable
Optionable
Beta
1.19

Social Links


Key Executives

  • Daniel Lars Florness
    President, Chief Executive Officer & Director
  • James Cory JansenJames Cory Jansen
    Executive Vice President-Manufacturing
  • Holden Lewis
    Chief Financial Officer & Executive Vice President
  • John L. SoderbergJohn L. Soderberg
    Senior Executive VP-Information Technology
  • Sheryl Ann LisowskiSheryl Ann Lisowski
    Treasurer, Chief Accounting Officer & Executive VP













FAST Stock - Frequently Asked Questions

Should I buy or sell Fastenal stock right now?

7 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last year. There are currently 1 sell rating, 5 hold ratings and 1 buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" FAST shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in FAST, but not buy additional shares or sell existing shares.
View FAST analyst ratings
or view top-rated stocks.

What is Fastenal's stock price forecast for 2023?

7 Wall Street analysts have issued 1-year price targets for Fastenal's shares. Their FAST share price forecasts range from $42.00 to $60.00. On average, they expect the company's share price to reach $51.14 in the next twelve months. This suggests that the stock has a possible downside of 2.3%.
View analysts price targets for FAST
or view top-rated stocks among Wall Street analysts.

How have FAST shares performed in 2023?

Fastenal's stock was trading at $47.32 at the start of the year. Since then, FAST stock has increased by 10.6% and is now trading at $52.35.
View the best growth stocks for 2023 here
.

Are investors shorting Fastenal?

Fastenal saw a drop in short interest in the month of March. As of March 15th, there was short interest totaling 13,360,000 shares, a drop of 9.2% from the February 28th total of 14,720,000 shares. Based on an average daily trading volume, of 3,300,000 shares, the days-to-cover ratio is presently 4.0 days. Currently, 2.4% of the shares of the company are sold short.
View Fastenal's Short Interest
.

When is Fastenal's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 13th 2023.
View our FAST earnings forecast
.

How were Fastenal's earnings last quarter?

Fastenal (NASDAQ:FAST) released its quarterly earnings results on Thursday, January, 19th. The company reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.42 by $0.01. The company earned $1.70 billion during the quarter, compared to the consensus estimate of $1.67 billion. Fastenal had a trailing twelve-month return on equity of 34.38% and a net margin of 15.57%. The company's quarterly revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.40 earnings per share.
Read the conference call transcript
.

How often does Fastenal pay dividends? What is the dividend yield for Fastenal?

Fastenal announced a quarterly dividend on Wednesday, January 18th. Investors of record on Thursday, February 2nd will be paid a dividend of $0.35 per share on Thursday, March 2nd. This represents a $1.40 annualized dividend and a yield of 2.67%. The ex-dividend date of this dividend is Wednesday, February 1st. This is a boost from the stock's previous quarterly dividend of $0.31.
Read our dividend analysis for FAST
.

Is Fastenal a good dividend stock?

Fastenal (NASDAQ:FAST) pays an annual dividend of $1.40 per share and currently has a dividend yield of 2.68%. The company has been increasing its dividend for 24 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 73.68%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FAST will have a dividend payout ratio of 68.29% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for FAST.

When did Fastenal's stock split?

Shares of Fastenal split on the morning of Wednesday, May 22nd 2019. The 2-1 split was announced on Thursday, April 18th 2019. The newly issued shares were distributed to shareholders after the closing bell on Tuesday, May 21st 2019. An investor that had 100 shares of stock prior to the split would have 200 shares after the split.

How will Fastenal's stock buyback program work?

Fastenal declared that its Board of Directors has authorized a stock repurchase program on Tuesday, July 12th 2022, which allows the company to buyback 8,000,000 shares, according to EventVestor. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's leadership believes its shares are undervalued.

What is Daniel Florness' approval rating as Fastenal's CEO?

714 employees have rated Fastenal Chief Executive Officer Daniel Florness on Glassdoor.com. Daniel Florness has an approval rating of 85% among the company's employees.

What other stocks do shareholders of Fastenal own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Fastenal investors own include Intel (INTC), Johnson & Johnson (JNJ), Micron Technology (MU), NVIDIA (NVDA), Bank of America (BAC), AbbVie (ABBV), Cisco Systems (CSCO), Walt Disney (DIS), QUALCOMM (QCOM) and Target (TGT).

What is Fastenal's stock symbol?

Fastenal trades on the NASDAQ under the ticker symbol "FAST."

Who are Fastenal's major shareholders?

Fastenal's stock is owned by many different retail and institutional investors. Top institutional investors include Geode Capital Management LLC (2.38%), Charles Schwab Investment Management Inc. (2.10%), Morgan Stanley (1.59%), Baird Financial Group Inc. (1.45%), Principal Financial Group Inc. (1.44%) and Norges Bank (0.99%). Insiders that own company stock include Charles S Miller, Daniel L Florness, Daniel L Johnson, Hsenghung Sam Hsu, James C Jansen, Jeffery Michael Watts, John Lewis Soderberg, Leland J Hein, Michael J Ancius, Michael J Ancius, Michael John Dolan, Nicholas J Lundquist, Reyne K Wisecup, Rita J Heise, Sarah N Nielsen, Sheryl Ann Lisowski, Stephen L Eastman, Stephen L Eastman, Terry Modock Owen, Willard D Oberton and William Joseph Drazkowski.
View institutional ownership trends
.

How do I buy shares of Fastenal?

Shares of FAST stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Fastenal's stock price today?

One share of FAST stock can currently be purchased for approximately $52.35.

How much money does Fastenal make?

Fastenal (NASDAQ:FAST) has a market capitalization of $29.89 billion and generates $6.98 billion in revenue each year. The company earns $1.09 billion in net income (profit) each year or $1.90 on an earnings per share basis.

How many employees does Fastenal have?

The company employs 22,386 workers across the globe.

Does Fastenal have any subsidiaries?
The following companies are subsidiares of Fastenal: Apex Industrial Technologies, Av-Tech Industries, FASTCO Shanghai Trading Co. Ltd., Fastenal AT GmbH, Fastenal Air Fleet LLC, Fastenal Asia Pacific Limited, Fastenal Brasil Importação Exportação e Distribuição Ltda., Fastenal Brasil Participacoes Ltda., Fastenal Canada Ltd., Fastenal Chile SpA, Fastenal Company Leasing, Fastenal Company Purchasing, Fastenal Europe AB, Fastenal Europe B.V., Fastenal Europe BE BV, Fastenal Europe FR Sàrl, Fastenal Europe GmbH, Fastenal Europe IE Limited, Fastenal Europe Kft., Fastenal Europe Ltd., Fastenal Europe RO S.r.l., Fastenal Europe S.L., Fastenal Europe S.r.l., Fastenal Europe Sp. z o.o., Fastenal Europe Sàrl, Fastenal Europe s.r.o., Fastenal IP Company, Fastenal India Sourcing IT and Procurement Private Ltd., Fastenal India Wholesale Private Ltd., Fastenal International Holdings Company, Fastenal Malaysia Sdn. Bhd., Fastenal Mexico LLC, Fastenal Mexico S. de R.L. de C.V., Fastenal Netherlands Holdings B.V., Fastenal Panama S.A., Fastenal Shanghai International Trading Co. Ltd., Fastenal Shenzhen International Trading Co. Ltd., Fastenal Singapore Pte. Ltd., Fastenal Thailand Ltd., Fastenal Tianjin International Trading Co. Ltd., Holo-Krome, Innova Holdings LLC, Innova Supply Chain Solutions LLC, Manufacturers Supply, and River Surplus and Supply LLC.
Read More
How can I contact Fastenal?

Fastenal's mailing address is 2001 THEURER BLVD, WINONA MN, 55987. The official website for the company is www.fastenal.com. The company can be reached via phone at (507) 454-5374, via email at investorrelations@fastenal.com, or via fax at 507-453-8049.

This page (NASDAQ:FAST) was last updated on 3/28/2023 by MarketBeat.com Staff