Luxottica Group SpA (NYSE:LUX) Given Average Rating of “Hold” by Analysts
Luxottica Group SpA (NYSE:LUX) has received a consensus rating of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $45.50.
A number of equities analysts recently commented on LUX shares. Zacks Investment Research raised shares of Luxottica Group SpA from a “sell” rating to a “hold” rating in a research note on Saturday, May 6th. Morgan Stanley raised shares of Luxottica Group SpA from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, June 13th.
Luxottica Group SpA (NYSE LUX) opened at 60.90 on Friday. Luxottica Group SpA has a 52 week low of $44.85 and a 52 week high of $62.57. The firm’s 50 day moving average price is $59.65 and its 200-day moving average price is $56.17.
A number of institutional investors have recently bought and sold shares of the company. Eqis Capital Management Inc. raised its position in Luxottica Group SpA by 58.5% in the first quarter. Eqis Capital Management Inc. now owns 7,518 shares of the company’s stock worth $414,000 after buying an additional 2,776 shares in the last quarter. Greenleaf Trust purchased a new position in Luxottica Group SpA during the first quarter worth approximately $280,000. UBS Group AG raised its position in Luxottica Group SpA by 9.0% in the first quarter. UBS Group AG now owns 15,180 shares of the company’s stock worth $836,000 after buying an additional 1,250 shares in the last quarter. Wright Investors Service Inc. purchased a new position in Luxottica Group SpA during the second quarter worth approximately $758,000. Finally, Boston Financial Mangement LLC raised its position in Luxottica Group SpA by 25.0% in the second quarter. Boston Financial Mangement LLC now owns 305,288 shares of the company’s stock worth $17,792,000 after buying an additional 61,068 shares in the last quarter. 1.68% of the stock is owned by hedge funds and other institutional investors.
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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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