SPRINGFIELD, N.J.—Kevin Begley, a director at Village Super Market Inc. (NASDAQ:VLGEA), recently sold shares of the company's Class A common stock, according to a filing with the Securities and Exchange Commission. The transactions, which took place on October 16 and October 18, involved the sale of 5,133 shares at prices ranging from $30.55 to $30.99 per share. The total value of these sales amounted to $156,871.
Following these transactions, Begley holds 61,261 shares of Village Super Market, maintaining a direct ownership stake in the company. Village Super Market, based in Springfield, New Jersey, operates grocery stores and is publicly traded on the NASDAQ under the ticker symbol VLGEA.
InvestingPro Insights
The recent insider sale by director Kevin Begley comes at a time when Village Super Market (NASDAQ:VLGEA) is showing some interesting financial metrics. According to InvestingPro data, the company's stock is currently trading at a P/E ratio of 8.93, which suggests a relatively low earnings multiple. This valuation could be attractive to value investors, especially considering the company's consistent dividend history.
InvestingPro Tips highlight that Village Super Market has maintained dividend payments for 22 consecutive years, demonstrating a commitment to shareholder returns. This long-standing dividend policy aligns with the company's high shareholder yield, another point noted by InvestingPro.
The company's financial health appears solid, with InvestingPro data showing a revenue of $2.24 billion for the last twelve months as of Q4 2024. Additionally, Village Super Market boasts a gross profit margin of 28.7% for the same period, indicating a reasonable level of profitability in the competitive grocery sector.
It's worth noting that while the stock has seen a 30.88% price total return over the past year, it's currently trading at 90.18% of its 52-week high. This recent performance, coupled with the insider sale, may prompt investors to closely monitor the company's upcoming earnings report, scheduled for December 3, 2024.
For those seeking a deeper analysis, InvestingPro offers additional tips and metrics beyond what's mentioned here. In fact, there are 7 more InvestingPro Tips available for Village Super Market, providing a more comprehensive view of the company's financial position and market outlook.
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