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Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
U.S. Loses to China in Shocking WAR GAMES (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
66,000% upside on tiny biotech? (Ad)
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
U.S. Loses to China in Shocking WAR GAMES (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
66,000% upside on tiny biotech? (Ad)
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
S&P 500   4,282.37
DOW   33,762.76
QQQ   354.65
Saudi Arabia is slashing oil supply. It could mean higher gas prices for US drivers
U.S. Loses to China in Shocking WAR GAMES (Ad)
Slow start to New York's legal pot market leaves farmers holding the bag
Chuck Todd says he's leaving 'Meet the Press' after a tumultuous near-decade moderating the NBC political panel show
66,000% upside on tiny biotech? (Ad)
Apple is expected to unveil a sleek, pricey headset. Is it the device VR has been looking for?
Chuck Todd leaving NBC political panel show 'Meet the Press' and being replaced by Kristen Welker
“One-Stock Millionaire” IGNORES 99.9% of the Market (Ad)
Oil tanker breaks down in Egypt's Suez Canal, briefly disrupting traffic in the global waterway
Saudi Arabia to reduce oil output by 1 million barrels per day, while rest of OPEC+ extends previous cuts through 2024
NASDAQ:FAST

Fastenal (FAST) Stock Forecast, Price & News

$55.37
+1.47 (+2.73%)
(As of 06/2/2023 ET)
Compare
Today's Range
$54.05
$55.53
50-Day Range
$51.48
$55.39
52-Week Range
$43.73
$56.65
Volume
3.81 million shs
Average Volume
2.20 million shs
Market Capitalization
$31.62 billion
P/E Ratio
28.39
Dividend Yield
2.53%
Price Target
$53.14

Fastenal MarketRank™ Forecast

Analyst Rating
Hold
2.14 Rating Score
Upside/​Downside
4.0% Downside
$53.14 Price Target
Short Interest
Bearish
2.49% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-1.42
Upright™ Environmental Score
News Sentiment
0.81mentions of Fastenal in the last 14 days
Based on 4 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
5.56%
From $1.98 to $2.09 Per Share

Overall MarketRank

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

1.94 out of 5 stars

Retail/Wholesale Sector

130th out of 206 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

“Amazon Loophole” could hand you $28,544 in “royalty” payouts
Thanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.
“Amazon Loophole” could hand you $28,544 in “royalty” payouts
Thanks to a little-known IRS loophole… Regular Americans can collect up to $28,544 (or more) in payouts from what Brad Thomas calls the “Amazon secret royalty program…” See how to collect the next payout before the strict cutoff deadline.
Analysts Set Fastenal (NASDAQ:FAST) Target Price at $53.14
Insider Stock Buying Reaches US$886k On Fastenal
Insider Stock Buying Reaches US$886k On Fastenal \
StockNews.com Lowers Fastenal (NASDAQ:FAST) to Hold
See More Headlines

FAST Price History

FAST Company Calendar

Last Earnings
4/13/2023
Ex-Dividend for 5/25 Dividend
4/26/2023
Dividend Payable
5/25/2023
Today
6/04/2023
Next Earnings (Estimated)
7/12/2023
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
$53.14
High Stock Price Forecast
$61.00
Low Stock Price Forecast
$46.00
Forecasted Upside/Downside
-4.0%
Consensus Rating
Hold
Rating Score (0-4)
2.14
Research Coverage
7 Analysts

Profitability

Net Income
$1.09 billion
Pretax Margin
20.66%

Debt

Sales & Book Value

Annual Sales
$6.98 billion
Cash Flow
$2.21 per share
Book Value
$5.73 per share

Miscellaneous

Free Float
568,472,000
Market Cap
$31.62 billion
Optionable
Optionable
Beta
1.19

Social Links


Key Executives

  • Daniel Lars Florness
    President, Chief Executive Officer & Director
  • Terry M. Owen
    Chief Operating Officer & EVP-Sales Operations
  • Holden Lewis
    Chief Financial Officer & Senior Executive VP
  • 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 equities research analysts have issued "buy," "hold," and "sell" ratings for Fastenal in the last twelve months. There are currently 1 sell rating, 4 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street equities research 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 brokerages have issued 12 month target prices for Fastenal's stock. Their FAST share price forecasts range from $46.00 to $61.00. On average, they predict the company's share price to reach $53.14 in the next twelve months. This suggests that the stock has a possible downside of 4.0%.
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 17.0% and is now trading at $55.37.
View the best growth stocks for 2023 here
.

When is Fastenal's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, July 12th 2023.
View our FAST earnings forecast
.

How were Fastenal's earnings last quarter?

Fastenal (NASDAQ:FAST) posted its quarterly earnings data on Thursday, April, 13th. The company reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.49 by $0.03. The firm earned $1.86 billion during the quarter, compared to analyst estimates of $1.87 billion. Fastenal had a trailing twelve-month return on equity of 34.83% and a net margin of 15.59%. The company's revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 EPS.
Read the conference call transcript
.

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

Fastenal declared a quarterly dividend on Wednesday, April 12th. Investors of record on Thursday, April 27th will be paid a dividend of $0.35 per share on Thursday, May 25th. This represents a $1.40 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Wednesday, April 26th.
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 2.60%. 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 71.79%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, FAST will have a dividend payout ratio of 66.99% 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 minted 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 announced that its Board of Directors has initiated a share buyback program on Tuesday, July 12th 2022, which permits the company to buyback 8,000,000 outstanding shares, according to EventVestor. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication 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 BlackRock Inc. (7.91%), State Street Corp (4.94%), Bank of New York Mellon Corp (4.51%), Geode Capital Management LLC (2.39%), Charles Schwab Investment Management Inc. (1.98%) and Principal Financial Group Inc. (1.41%). 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 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 $55.37.

How much money does Fastenal make?

Fastenal (NASDAQ:FAST) has a market capitalization of $31.62 billion and generates $7.14 billion in revenue each year. The company earns $1.09 billion in net income (profit) each year or $1.95 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 6/4/2023 by MarketBeat.com Staff

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