Fastenal - FAST Stock Forecast, Price & News

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.

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.

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.
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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.

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

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.

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.

ETFs with the largest weight of Fastenal (NASDAQ:FAST) stock in their portfolio include Motley Fool Mid-Cap Growth ETF (TMFM), Franklin Disruptive Commerce ETF (BUYZ), iShares U.S. Basic Materials ETF (IYM), VictoryShares THB Mid Cap ESG ETF (MDCP), Global X U.S. Infrastructure Development ETF (PAVE), Logan Capital Broad Innovative Growth ETF (LCLG), Dividend Performers ETF (IPDP) and SEI Enhanced U.S. Large Cap Quality Factor ETF (SEIQ).

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.

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.

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.

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.

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).

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

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.

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

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.

The company employs 22,386 workers across the globe.

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.