Luxottica Group SpA (NYSE:LUX) – Research analysts at Jefferies Group decreased their FY2016 earnings per share estimates for shares of Luxottica Group SpA in a research note issued on Friday. Jefferies Group analyst J. Grzinic now forecasts that the brokerage will earn $1.97 per share for the year, down from their previous estimate of $2.17. Jefferies Group also issued estimates for Luxottica Group SpA’s FY2017 earnings at $2.12 EPS.

Other equities analysts have also issued reports about the company. Royal Bank Of Canada lowered Luxottica Group SpA from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 8th. Zacks Investment Research upgraded Luxottica Group SpA from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 6th. RBC Capital Markets lowered Luxottica Group SpA from an “outperform” rating to a “sector perform” rating in a research report on Monday, August 8th. Credit Suisse Group AG assumed coverage on Luxottica Group SpA in a research report on Wednesday, June 15th. They set an “outperform” rating on the stock. Finally, Bank of America Corp. reiterated a “sell” rating and set a $41.00 price objective on shares of Luxottica Group SpA in a research report on Thursday, September 29th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $48.50.

Earnings History and Estimates for Luxottica Group SpA (NYSE:LUX)

Luxottica Group SpA (NYSE:LUX) opened at 45.73 on Monday. The stock’s 50 day moving average price is $48.24 and its 200-day moving average price is $51.15. The firm has a market capitalization of $21.93 billion, a price-to-earnings ratio of 25.34 and a beta of 0.85. Luxottica Group SpA has a 12 month low of $45.48 and a 12 month high of $72.55.

Institutional investors have recently bought and sold shares of the company. Fisher Asset Management LLC raised its position in Luxottica Group SpA by 1.2% in the second quarter. Fisher Asset Management LLC now owns 879,336 shares of the company’s stock valued at $41,918,000 after buying an additional 10,478 shares during the last quarter. Jarislowsky Fraser Ltd raised its position in Luxottica Group SpA by 4.4% in the second quarter. Jarislowsky Fraser Ltd now owns 134,385 shares of the company’s stock valued at $6,566,000 after buying an additional 5,667 shares during the last quarter. State of Tennessee Treasury Department bought a new position in Luxottica Group SpA during the second quarter valued at about $4,599,000. Royal Bank of Canada raised its position in Luxottica Group SpA by 71.9% in the second quarter. Royal Bank of Canada now owns 75,937 shares of the company’s stock valued at $3,712,000 after buying an additional 31,756 shares during the last quarter. Finally, OLD Mission Capital LLC raised its position in Luxottica Group SpA by 81.9% in the first quarter. OLD Mission Capital LLC now owns 53,616 shares of the company’s stock valued at $2,949,000 after buying an additional 24,133 shares during the last quarter. Institutional investors and hedge funds own 1.19% of the company’s stock.

About Luxottica Group SpA

Luxottica Group S.p.A. is a holding company. The Company is engaged in the design, manufacture and distribution of fashion, luxury, sport and performance eyewear. The Company operates through two segments: manufacturing and wholesale distribution, and retail distribution. Through its manufacturing and wholesale distribution operations, the Company is engaged in design, manufacturing, wholesale distribution and marketing of brands and designer lines of prescription frames and sunglasses, as well as of performance optics products.

5 Day Chart for NYSE:LUX

Receive News & Stock Ratings for Luxottica Group SpA Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Luxottica Group SpA and related stocks with our FREE daily email newsletter.