Luxottica Group SpA (LUX) Given Average Recommendation of “Hold” by Analysts

Shares of Luxottica Group SpA (NYSE:LUX) have been assigned a consensus rating of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $45.50.

LUX has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Luxottica Group SpA from a “sell” rating to a “hold” rating in a research report on Saturday, May 6th. Morgan Stanley upgraded shares of Luxottica Group SpA from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, June 13th.

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Shares of Luxottica Group SpA (NYSE LUX) opened at 60.90 on Monday. Luxottica Group SpA has a 12-month low of $44.85 and a 12-month high of $62.57. The company’s 50-day moving average is $59.78 and its 200-day moving average is $55.24.

A number of hedge funds and other institutional investors have recently bought and sold shares of LUX. Parallel Advisors LLC boosted its position in Luxottica Group SpA by 3.5% in the first quarter. Parallel Advisors LLC now owns 1,981 shares of the company’s stock worth $115,000 after buying an additional 67 shares during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of Luxottica Group SpA during the first quarter worth about $130,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Luxottica Group SpA by 0.7% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,351 shares of the company’s stock worth $129,000 after buying an additional 17 shares in the last quarter. US Bancorp DE raised its stake in shares of Luxottica Group SpA by 4.0% in the first quarter. US Bancorp DE now owns 3,095 shares of the company’s stock worth $170,000 after buying an additional 120 shares in the last quarter. Finally, Banque Pictet & Cie SA bought a new stake in shares of Luxottica Group SpA during the first quarter worth about $277,000. Institutional investors and hedge funds own 1.68% of the company’s stock.

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.

Analyst Recommendations for Luxottica Group SpA (NYSE:LUX)

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