Shares of Luxottica Group SpA (NYSE:LUX) have received a consensus rating of “Hold” from the eleven ratings firms that are presently covering the stock. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $41.00.

A number of brokerages recently weighed in on LUX. Zacks Investment Research raised Luxottica Group SpA from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. RBC Capital Markets lowered Luxottica Group SpA from an “outperform” rating to a “sector perform” rating in a report on Monday, August 8th. Royal Bank Of Canada lowered Luxottica Group SpA from an “outperform” rating to a “sector perform” rating in a report on Monday, August 8th. Bank of America Corp. reaffirmed a “sell” rating and set a $41.00 price objective on shares of Luxottica Group SpA in a report on Thursday, September 29th. Finally, Deutsche Bank AG raised Luxottica Group SpA from a “hold” rating to a “buy” rating in a report on Tuesday, September 13th.

Several hedge funds have recently modified their holdings of the stock. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Luxottica Group SpA during the first quarter valued at about $110,000. US Bancorp DE increased its stake in shares of Luxottica Group SpA by 35.2% in the second quarter. US Bancorp DE now owns 2,144 shares of the company’s stock valued at $105,000 after buying an additional 558 shares in the last quarter. Sei Investments Co. increased its stake in shares of Luxottica Group SpA by 136.1% in the second quarter. Sei Investments Co. now owns 2,309 shares of the company’s stock valued at $113,000 after buying an additional 1,331 shares in the last quarter. Toronto Dominion Bank increased its stake in shares of Luxottica Group SpA by 16.7% in the second quarter. Toronto Dominion Bank now owns 2,800 shares of the company’s stock valued at $138,000 after buying an additional 400 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Luxottica Group SpA by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 4,369 shares of the company’s stock valued at $213,000 after buying an additional 38 shares in the last quarter. Institutional investors and hedge funds own 1.19% of the company’s stock.

Shares of Luxottica Group SpA (NYSE:LUX) opened at 45.93 on Thursday. Luxottica Group SpA has a one year low of $44.85 and a one year high of $72.55. The stock has a market capitalization of $22.02 billion, a PE ratio of 25.60 and a beta of 0.85. The firm has a 50-day moving average price of $47.73 and a 200 day moving average price of $50.84.

Luxottica Group SpA Company Profile

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

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