The shares of Fastenal Company (NASDAQ:FAST) has been pegged with a rating of Neutral by Northcoast in its latest research note that was published on April 15th, 2019. Northcoast wasnâ€™t the only research firm that published a report of Fastenal Company, with other equities research analysts also giving their opinion on the stock. KeyBanc Capital Markets advised investors in its research note published on February 12th, 2019, to Sector Weight the FAST stock. The stock had earned Hold rating from Jefferies when it published its report on January 7th, 2019. That day the Jefferies set price target on the stock to $60. The stock was given Equal-Weight rating by Morgan Stanley in its report released on December 18th, 2018, the day when the price target on the stock was placed at $55. Longbow was of a view that FAST is Neutral in its latest report on December 4th, 2018. Buckingham Research thinks that FAST is worth Neutral rating. This was contained in the firmâ€™s report on October 22nd, 2018 in which the stockâ€™s price target was also moved to $50.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 14 believe it has the potential for further growth, thus rating it as Hold while 4 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $59.62. The price of the stock the last time has raised by 46.76% from its Week high price while it is raised higher than its 52-Week low price. A look at the stockâ€™s other technical shows that its 14-day RSI now stands at 69.43.
The shares of the company added by 1.09% during the trading session on Tuesday, reaching a low of $68.77 while ending the day at $69.52. During the trading session, a total of 2.76 million shares were traded which represents a -16.17% decline from the average session volume which is 2.38M shares. FAST had ended its last session trading at 68.77. Fastenal Company currently has a market cap of $19.88B, while its P/E ratio stands at 26.92, while its P/E earnings growth sits at 4.00, with a beta of 1.15. Fastenal Company debt-to-equity ratio currently stands at 0.22, while its quick ratio hovers at 2.40. FAST 52-week low price stands at $47.37 while its 52-week high price is $69.88.
The company in its last quarterly report recorded $0.68 earnings per share which is above the $0.67 predicted by most analysts. The Fastenal Company generated $1,309.30 million in revenue during the last quarter, which is slightly lower than the $1,313.11 million predicted by analysts. In the second quarter last year, the firm recorded $0.59 earnings per share. Compared to the same quarter last year, the firmâ€™s revenue was up by 13.24%. Fastenal Company has the potential to record 2.58 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Telsey Advisory Group published a research note on April 11th, 2019 where it informed investors and clients that Foot Locker, Inc. (NYSE:FL) is now rated as Outperform. Their price target on the stock stands at $75. KeyBanc Capital Markets also rated FL as Downgrade on February 12th, 2019, with its price target of $247 suggesting that FL could surge by 9.52% from its current share price. Even though the stock has been trading at $63.02/share, analysts expect it to surge higher by 0.87% to reach $70.26/share. It started the day trading at $63.58 and traded between $62.89 and $63.57 throughout the trading session.
A look at its technical shows that FLâ€™s 50-day SMA is 60.14 while its 200-day SMA stands at 53.19. The stock has a high of $68.00 for the year while the low is $40.02. The companyâ€™s P/E ratio currently sits at 14.38, while the P/B ratio is 2.86. At the moment, only of Foot Locker, Inc. shares were sold short. The companyâ€™s average trading volume currently stands at 2.71M shares, which means that the short-interest ratio is just 3.82 days. Over the past seven days, the company moved, with its shift of 4.03%. Looking further, the stock has raised 11.49% over the past 90 days while it gained 27.91% over the last six months.
The change in the stockâ€™s fortunes has led to several institutional investors altering their holdings of the stock. The Vanguard Group Inc bought more FL shares, increasing its portfolio by +0.31% during the last quarter. This move now sees The Vanguard Group Inc purchasing 37,755 shares in the last quarter, thus it now holds 12,088,690 shares of FL, with a total valuation of $732,574,614. AQR Capital Management LLC meanwhile bought more FL shares in the recently filed quarter, changing its stake to $427,539,484 worth of shares. BlackRock Fund Advisors followed the path by increasing its FL portfolio by +2.36% in the quarter. This means that BlackRock Fund Advisors bought 130,448 shares in the last quarter and now controls 5,663,811 shares of the FL stock, with the valuation hitting $343,226,947.
Similarly, SSgA Funds Management Inc decreased its Foot Locker, Inc. shares by -5.09% during the recently filed quarter. After selling -232,738 shares in the last quarter, the firm now controls 4,343,234 shares of Foot Locker, Inc. which are valued at $263,199,980. In the same vein, Harris Associates LP decreased its Foot Locker, Inc. shares by during the most recent reported quarter. The firm sold -1,500 shares during the quarter which decreased its stakes to 4,153,230 shares and is now valued at $251,685,738. Following these latest developments, around 1.00% of Foot Locker, Inc. stocks are owned by institutional investors and hedge funds.