SPRINGFIELD, N.J.—Kevin Begley, a director at Village Super Market Inc. (NASDAQ:VLGEA), recently sold a significant portion of his holdings in the company. According to a Form 4 filing with the Securities and Exchange Commission, Begley sold a total of 9,300 shares of Class A Common Stock over three consecutive days, from October 23 to October 25, 2024.
The transactions were executed at prices ranging from $29.886 to $30.00 per share, resulting in a total sale value of $278,591. Following these transactions, Begley now holds 51,961 shares directly.
These sales were conducted in multiple transactions, with the prices reflecting weighted averages. The filing notes that Begley is prepared to provide detailed information on the individual transactions upon request.
Village Super Market, based in Springfield, New Jersey, operates a chain of grocery stores and is publicly traded on the NASDAQ exchange under the ticker VLGEA.
InvestingPro Insights
Village Super Market Inc. (NASDAQ:VLGEA) presents an intriguing investment profile that adds context to Director Kevin Begley's recent stock sale. According to InvestingPro data, the company's market capitalization stands at $441.56 million, with a price-to-earnings (P/E) ratio of 8.81, indicating a relatively low earnings multiple compared to many in the retail sector.
An InvestingPro Tip highlights that Village Super Market has maintained dividend payments for 22 consecutive years, showcasing a commitment to shareholder returns that aligns with its current dividend yield of 3.36%. This consistent dividend history may provide some reassurance to investors in light of the insider sale.
Another relevant InvestingPro Tip points out that the company is trading at a low revenue valuation multiple. This, coupled with the fact that Village Super Market has been profitable over the last twelve months, suggests that the stock might be undervalued relative to its financial performance.
The company's revenue for the last twelve months as of Q4 2024 was $2.24 billion, with a modest growth of 3.23%. While this growth is not explosive, it demonstrates stability in a competitive grocery market.
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and metrics that could provide deeper insights into Village Super Market's financial health and market position. The platform lists 7 more tips for VLGEA, which could be valuable for those looking to make informed investment decisions in the grocery retail sector.
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