Luxottica Group SpA (LUX) Given Average Rating of “Hold” by Brokerages
Shares of Luxottica Group SpA (NYSE:LUX) have been given a consensus rating of “Hold” by the eleven research firms that are presently covering the stock. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $41.00.
A number of research firms recently issued reports on LUX. Zacks Investment Research cut Luxottica Group SpA from a “hold” rating to a “strong sell” rating in a report on Wednesday. Bank of America Corp. restated a “sell” rating and set a $41.00 price objective on shares of Luxottica Group SpA in a report on Thursday, September 29th. Deutsche Bank AG upgraded Luxottica Group SpA from a “hold” rating to a “buy” rating in a report on Tuesday, September 13th. Royal Bank Of Canada cut Luxottica Group SpA from an “outperform” rating to a “sector perform” rating in a report on Monday, August 8th. Finally, RBC Capital Markets cut 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 up 0.89% during mid-day trading on Thursday, hitting $45.46. The stock had a trading volume of 40,458 shares. Luxottica Group SpA has a 12 month low of $44.85 and a 12 month high of $72.55. The stock has a market cap of $21.80 billion, a price-to-earnings ratio of 25.34 and a beta of 0.85. The stock’s 50-day moving average price is $47.91 and its 200-day moving average price is $50.94.
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Large investors have recently modified their holdings of the company. US Bancorp DE boosted 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. Edmond DE Rothschild Holding S.A. bought a new stake in shares of Luxottica Group SpA during the first quarter worth $110,000. Sei Investments Co. boosted 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 worth $113,000 after buying an additional 1,331 shares during the period. Toronto Dominion Bank boosted 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 worth $138,000 after buying an additional 400 shares during the period. Finally, Bank of New York Mellon Corp boosted 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 worth $213,000 after buying an additional 38 shares during the period. 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.
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