Fastenal stock: buy or sell?

FAST stock price: $38.86 -0.41% At close on February 21st, 2020

Updated on:
February 21st, 2020

5

After topping to all time highs on Thursday, Fastenal decreased -0.41% on Feb/21 to $38.86.

Fastenal Company, together with its subsidiaries, engages in the wholesale distribution of industrial and construction supplies in the United States, Canada, and internationally.

Should I buy Fastenal stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. That's why is so important to choose your own trading plan that fits your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, 2 buy setups match with Fastenal stock right now:

Buy setupElegible
New all-time highYes
New 52 week highYes
Price crossing up 200d MANo
100d MA crossing up 200d MANo

Is Fastenal stock a buy?

Financial institutions and banks post stock ratings everyday. Unfortunately, we couldn't find any rating for FAST stock for the last 30 days.

Fastenal stock analysis

Daily outlook

After several days of continuous rises in past weeks, Fastenal decreased -0.41% to $38.86.

After several days of continuous rises in past weeks, Fastenal decreased -0.41% to $38.86. From a daily perspective, FAST is in a short term uptrend after plotting its last bottom ($37.88, on Tuesday) higher than the previous bottom, and its last top ($39.31, on Thursday) also over the previous top. Now trading in between its last bottom and last top FAST might consolidate in a plain range, waiting to break out over $39.31 or down under $37.88. On October FAST price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. On October, SMA50d and SMA100d crossed up triggering a rise of 11.12%. On Thursday, FAST hit a new all time high, pushing higher than on Wednesday tops. Check different trading setups that use ATHs as triggers.

FAST stock chart (daily)

Weekly outlook

Fastenal grew 1.41% this week and set a new all time high at $39.31. Early February FAST skyrocketed an exceptional 6.61% in just one week. For 3 weeks in a row, price soared and marked a profit of 11.28%.

Weekly chart tells us that price finally broke over the resistance at $37.68 and continued climbing. Since late August 2019 when FAST stock price broke up the SMA40w line, it gained $9.58 (32.72%). Early October, SMA10w and SMA20w crossed up triggering a rise of 23.88%.

FAST stock chart (weekly)

Fastenal stock price history

Fastenal IPO was on August 20th, 1987 at $0.00 per share1. Since then, FAST stock grew a inf%, with a yearly average of inf%. If you had invested $1,000 in Fastenal stock in 1987, it would worth $inf today.

1: Adjusted price after possible price splits or reverse-splits.

Fastenal stock historical price chart

FAST stock reached all-time highs on Thursday with a price of $39.31.

Fastenal stock price target

Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. We do not recommend to follow these stock price predictions without a critical thinking from your side, as their accuracy is usually low. For the last month we have not detected any price forecast for Fastenal stock by any trusted analyst.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since April, when Fastenal presented its last earnings report, it . As soon as we get its posted EPS from the earnings report, we will extend this review.
FAST earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a0.51n/a
2017-Q32017-10-110.50.50.0%
2017-Q42018-01-170.450.450.0%
2018-Q12018-04-110.610.610.0%
2018-Q22018-07-110.660.7412.1%
2018-Q32018-10-100.670.693.0%
2018-Q42019-01-170.60.60.0%
2019-Q12019-04-090.66n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, Fastenal annual sales boosted an amazing 13.09% to $4,965.10 million dollars from $4,390.50 marked in 2017. By contrast, its income margin (compared to revenues) appreciated to 15.14%, that is $751.90 million.

Fastenal fiscal year ends in December, and to compare its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Fastenal TTM sales up to March 2019 were $5,088.60 and income $771.70 million USD. If we compare this TTM figures with the last reported annuality, we can esteem Fastenal business evolution since December 2018: Annual sales up to March, compared to lastest yearly report, raised a tiny 2.49%. Instead, profit margin (net income/revenues) remained steady at 15.14%.

FAST annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$3,330 M-$449 M13.5%-
2014$3,734 M12.12%$494 M13.2%10.14%
2015$3,869 M3.63%$516 M13.3%4.49%
2016$3,962 M2.40%$499 M12.6%-3.27%
2017$4,391 M10.81%$579 M13.2%15.84%
2018$4,965 M13.09%$752 M15.1%29.95%
TTM $5,089 M2.49%$772 M15.2%2.63%

Quarterly financial results

Fastenal reported $1,309.30 M in sales for 2019-Q1, a 6.31% improvement compared to previous quarter. Reported quarter earnings marked $194.10 M with a profit margin of 14.82%. Profit margin gained a 1.12% compared to previous quarter when profit margin was 13.71%. When comparing revenues to same quarter last year, Fastenal sales marked a phenomenal increase and climbed a 10.41%.
FAST quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$1,120 M-$149 M13.3%-
2017-Q3$1,130 M0.89%$143 M12.7%-3.90%
2017-Q4$1,089 M-3.67%$152 M14.0%6.50%
2018-Q1$1,186 M8.94%$174 M14.7%14.37%
2018-Q2$1,268 M6.92%$211 M16.7%21.17%
2018-Q3$1,280 M0.94%$198 M15.4%-6.44%
2018-Q4$1,232 M-3.77%$169 M13.7%-14.57%
2019-Q1$1,309 M6.31%$194 M14.8%14.99%

Fastenal ownership

When you are planning to buy shares of a stock, it's always worth to overview its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Fastenal, 0.24% of all outstanding shares are owned by its staff.

Bearish positions for FAST stock account 0.00%, no big difference from last month.

For a better understanding, the following table shows ownership data compared to other related stocks:

FAST
Market cap$22.3 B
Total shares574.2 M
Float shares572.1 M
  - Institutional holdings (%)86.7%
  - Insider holdings (%)0.2%
Shares in short selling0.0%

Fastenal summary

Friday, February 21st, 2020
Open$38.84
Close$38.86
Day range$38.45 - $39.18
Previous close$39.02
Session gain-0.41%
Average true range$0.78
50d mov avg$36.70
100d mov avg$35.86
200d mov avg$33.38
Daily patternlt06a
Weekly pattern lb01c

Fastenal performance

To measure stock performance is always good to compare with competitors or related stocks. For Fastenal, the benchmark is made against .
Stock3m6m12m
FASTFastenal9.59%32.72%28.08%

Fastenal competitors

Unfortunately, we could not find any public company that could be defined as Fastenal competitor. This doesn't mean Fastenal does not have any competitor in the market, it's just we could not detected it.

    Latest Fastenal stock news