Insiders Show Confidence in Signet Jewelers (SIG), AutoZone (AZO), and Tupperware (TUP)

At Insider Monkey, we track insider trading and hedge fund activity to uncover actionable patterns and profit from them. We encourage investors to pay close attention to relevant insider buying activity as part of their stock analysis process, as history has shown that such moves precede a window of market-beating returns for those stocks on average.

The most compelling insider buying activity over the past week-plus includes purchases by insiders of Signet Jewelers Ltd. (NYSE:SIG), AutoZone, Inc. (NYSE:AZO), and Tupperware Brands Corporation (NYSE:TUP). We’ll examine those moves below.

We’ve also uncovered a lucrative strategy that has lead to impressive market-beating returns for our subscribers. Our “Best Performing Hedge Funds Strategy” invests in the consensus picks of the top 100 best performing hedge funds every quarter. This strategy gained 4% last quarter vs. a loss of 1% for the S&P 500 ETF (SPY). Since its inception in May 2014 this strategy’s picks have returned 74.4% vs. 49.7% for SPY. You can see our latest picks by trying our newsletters free of charge for 14 days.

AutoZone, Inc. (NYSE:AZO)

Who Bought Shares: Director Douglas Brooks

How Many Shares Were Bought: 162 @ $607.49 per share

Date of the Transaction(s): April 16

Following the director’s purchase of 162 of AutoZone, Inc. (NYSE:AZO)’s rather pricey shares, he now owns 1,904 of them total. Those shares have become a lot less pricey in 2018, sliding by over $140 per share, or 19%.

AutoZone, Inc. (NYSE:AZO)’s Execution Strong, but Industry Headwinds Persist: Those share declines mirrored broader weakness in the stocks of auto parts companies, which didn’t meet sales expectations in the first-quarter. AutoZone shares have been run over the most among those companies, despite the company outperforming peers Advance Auto Parts, Inc. (NYSE:AAP) and O’Reilly Automotive Inc (NASDAQ:ORLY) in same-store sales growth in its latest fiscal quarter. Of note is that JPMorgan analyst Christopher Horvers believes that AutoZone, Inc. (NYSE:AZO)’s comps rose significantly in the second-half of the quarter (4%-5%) compared to the first-half (flat), which will bode well should that trend persist in full over the coming quarters.

On the next page we’ll look at the insider buying activity at Signet Jewelers Ltd. (NYSE:SIG) and Tupperware Brands Corporation (NYSE:TUP).