Fastenal’s price movement
Fastenal (FAST) has a market cap of $11.0 billion. Fastenal’s YTD (year-to-date) price movement is falling day by day. After the earnings report in 3Q15, Fastenal fell by 2.2% to close at $37.95 per share as of October 13, 2015. The revenue fell by 0.25% in 3Q15 compared to the net revenue in 2Q15. The price movement on a weekly, monthly, and YTD basis is 2.4%, -0.68%, and -18.6%, respectively. It’s trading at -0.24% on a trailing five-day basis.
Technically, it has broken the major support in 2015. Currently, it’s trading at 1.7% above the 20-day moving average, -1.3% below the 50-day moving average, and -7.9% below the 200-day moving average.
The First Trust NASDAQ-100 Ex-Technology Sector Index Fund (QQXT) invests 1.6% of its holdings in Fastenal. QQXT tracks an equal-weighted index of NASDAQ-100 stocks that excludes technology companies. QQXT’s YTD price movement is 1.0% as of October 12, 2015.
Fastenal’s competitors and their market caps are:
Fastenal’s performance in 3Q15
According to Fastenal’s 3Q15 earnings report, the company reported net revenue of $995.3 million in 3Q15—a rise of 1.5% compared to the net revenue of $980.8 million in 3Q14. The gross profit and EPS (earnings per share) rose to $502.2 million and $0.47 per share in 3Q15—a rise of 0.70% and 4.4% compared to the gross profit and EPS in 3Q14. The net revenue fell by 0.25% in 3Q15 compared to the revenue in 2Q15. The inventories and current ratio rose to $883.2 million and 4.5 in 3Q15—a rise of 0.74% and 8.4% compared to the inventories and current ratio of $876.7 million and 4.2 in 2Q15. The debt-to-equity ratio fell by 2.5% in 3Q15 compared to the debt-to-equity ratio in 2Q15.
Fastenal supplies OEM (original equipment manufacturer), MRO (maintenance, repair, and overhaul), and construction products. Its stores are located in Houston, Indianapolis, Atlanta, Toronto, and Shanghai.