Update shared on27 Aug 2025
Fair value Increased 1.85%Fastenal’s consensus price target was raised to $44.05 on the back of strong Q2 results, improving sales trends, and continued margin outperformance, with analysts expecting double-digit sales growth and justifying a premium valuation despite an already elevated multiple.
Analyst Commentary
- Strong Q2 performance, with Fastenal beating consensus on sales, gross margin, and operating margin.
- Market share gains and incremental price increases expected to drive double-digit sales growth in the second half.
- Sales trends have improved, with volume declines moderating and June sales growth returning in line with expectations.
- The company’s operational performance continues to justify a premium valuation relative to peers.
- Elevated valuation is seen as a challenge, but near-term trajectory remains positive amid strong operating metrics.
What's in the News
- Fastenal completed its share repurchase program announced in July 2017, having bought back 11,800,000 shares (1.03% of shares) for $418.77 million.
- No shares were repurchased in the most recent quarter.
Valuation Changes
Summary of Valuation Changes for Fastenal
- The Consensus Analyst Price Target remained effectively unchanged, moving only marginally from $43.25 to $44.05.
- The Future P/E for Fastenal remained effectively unchanged, moving only marginally from 39.55x to 40.21x.
- The Discount Rate for Fastenal remained effectively unchanged, moving only marginally from 7.90% to 7.87%.
Disclaimer
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