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Stock Market & Financial Investment News

News Breaks
July 11, 2014
10:16 EDTFASTFastenal to close 45 stores in 2H14
Says feels "very good" with what the company has done in terms of sales so far this year. Says believes vending opportunity will be a 'big part' of the company's future. Says has very good sales momentum and has "great momentum" overall for the company going into the 2H14. Says needs to continue to work hard on the company's margins. Says will continue to invest heavily in distribution infrastructure and vending. During 2013 and 1H14, the company incurred some short-term debt to fund CapEx and dividends. This was expected and is expected to continue throughout the remainder of FY14 and possibly FY15. Comments made during the company's Q2 earnings conference call.
News For FAST From The Last 14 Days
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August 26, 2015
08:15 EDTFASTEmerson reports supports estimate for muted Fastenal growth, says William Blair
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August 24, 2015
09:45 EDTFASTOn The Fly: Analyst Downgrade Summary
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06:59 EDTFASTFastenal downgraded to Neutral from Outperform at Baird
Baird downgraded Fastenal to Neutral from Outperform as US economic trends are progressively later-cycle, raising overall risk profiles for distributors with industrial exposure. Baird lowered its price target to $44 from $45 on Fastenal shares.

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