Luxottica Group SpA (LUX) Receives $45.50 Consensus PT from Analysts

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

A number of equities research analysts recently weighed in on the company. Morgan Stanley upgraded Luxottica Group SpA from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, June 13th. Zacks Investment Research upgraded Luxottica Group SpA from a “sell” rating to a “hold” rating in a research report on Saturday, May 6th.

Luxottica Group SpA (NYSE LUX) opened at 60.90 on Tuesday. The stock’s 50 day moving average price is $59.78 and its 200 day moving average price is $55.24. Luxottica Group SpA has a 52 week low of $44.85 and a 52 week high of $62.57.

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Several large investors have recently added to or reduced their stakes in LUX. Northwestern Mutual Wealth Management Co. raised its stake in 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 during the period. Parallel Advisors LLC raised its stake 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. Sawtooth Solutions LLC raised its stake in Luxottica Group SpA by 0.7% in the first quarter. Sawtooth Solutions LLC now owns 11,937 shares of the company’s stock worth $657,000 after buying an additional 78 shares during the period. US Bancorp DE raised its stake in 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 during the period. Finally, Wetherby Asset Management Inc. raised its stake in Luxottica Group SpA by 1.7% in the first quarter. Wetherby Asset Management Inc. now owns 9,835 shares of the company’s stock worth $542,000 after buying an additional 165 shares during the period. Hedge funds and other institutional investors 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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