Fastenal Target of Unusually Large Options Trading (FAST)
Shares of Fastenal (NASDAQ:FAST) was the recipient of unusually large options trading activity on Wednesday. Stock traders purchased 14,575 put options on the stock, AmericanBankingNews.com reports. This is an increase of approximately 750% compared to the average volume of 1,714 put options.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Fastenal in a research note to investors on Wednesday, November 13th. They now have a $49.00 price target on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $50.83.
Fastenal (NASDAQ:FAST) traded down 4.46% on Wednesday, hitting $46.06. The stock had a trading volume of 11,674,827 shares. Fastenal has a 1-year low of $43.75 and a 1-year high of $53.38. The stock’s 50-day moving average is $46.91 and its 200-day moving average is $47.64. The company has a market cap of $13.668 billion and a price-to-earnings ratio of 31.93.
Fastenal (NASDAQ:FAST) last announced its earnings results on Wednesday, January 15th. The company reported $0.33 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.35 by $0.02. The company had revenue of $813.76 million for the quarter, compared to the consensus estimate of $816.23 million. During the same quarter last year, the company posted $0.33 earnings per share. Fastenal’s revenue was up 7.5% compared to the same quarter last year. On average, analysts predict that Fastenal will post $1.52 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, February 28th. Investors of record on Friday, January 31st will be paid a dividend of 0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 2.17%. The ex-dividend date is Wednesday, January 29th.
Fastenal Company is engaged in selling industrial and construction supplies in a wholesale and retail fashion.
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