Luxottica Group SpA (LUX) Receives Average Recommendation of “Hold” from Analysts
Shares of Luxottica Group SpA (NYSE:LUX) have earned an average rating of “Hold” from the ten brokerages that are covering the firm. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $41.00.
Several equities analysts have issued reports on LUX shares. Deutsche Bank AG upgraded Luxottica Group SpA from a “hold” rating to a “buy” rating in a research note on Tuesday, September 13th. Zacks Investment Research downgraded Luxottica Group SpA from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 12th. Bank of America Corp. reissued a “sell” rating and issued a $41.00 price target on shares of Luxottica Group SpA in a report on Thursday, September 29th. RBC Capital Markets downgraded Luxottica Group SpA from an “outperform” rating to a “sector perform” rating in a report on Monday, August 8th. Finally, Royal Bank Of Canada downgraded Luxottica Group SpA from an “outperform” rating to a “sector perform” rating in a report on Monday, August 8th.
Luxottica Group SpA (NYSE:LUX) traded down 1.84% during midday trading on Friday, reaching $51.64. 200,250 shares of the company traded hands. Luxottica Group SpA has a 1-year low of $44.85 and a 1-year high of $68.50. The firm has a 50-day moving average of $48.62 and a 200-day moving average of $50.04. The stock has a market capitalization of $24.76 billion, a P/E ratio of 29.11 and a beta of 0.69.
Several large investors have recently added to or reduced their stakes in the company. US Bancorp DE increased its stake in Luxottica Group SpA by 35.2% in the second quarter. US Bancorp DE now owns 2,144 shares of the company’s stock worth $105,000 after buying an additional 558 shares during the period. Sei Investments Co. increased its stake in Luxottica Group SpA by 136.1% in the second quarter. Sei Investments Co. now owns 2,309 shares of the company’s stock worth $113,000 after buying an additional 1,331 shares during the period. Thomas White International Ltd. boosted its position in shares of Luxottica Group SpA by 23.1% in the third quarter. Thomas White International Ltd. now owns 2,666 shares of the company’s stock valued at $127,000 after buying an additional 500 shares in the last quarter. Toronto Dominion Bank boosted its position 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, Riverhead Capital Management LLC boosted its position in shares of Luxottica Group SpA by 2.2% in the third quarter. Riverhead Capital Management LLC now owns 2,900 shares of the company’s stock valued at $139,000 after buying an additional 62 shares in the last quarter. 1.20% of the stock is owned by hedge funds and other institutional investors.
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.
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