Shares of Luxottica Group SpA (NYSE:LUX) hit a new 52-week low on Wednesday . The company traded as low as $46.67 and last traded at $47.71, with a volume of 47,684 shares traded. The stock had previously closed at $48.10.

Several analysts recently commented on LUX shares. Zacks Investment Research lowered shares of Luxottica Group SpA from a “hold” rating to a “sell” rating in a research note on Friday, March 11th. TheStreet lowered shares of Luxottica Group SpA from a “buy” rating to a “hold” rating in a research note on Tuesday, March 22nd. Raymond James Financial Inc. raised shares of Luxottica Group SpA from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 4th. Finally, Credit Suisse Group AG started coverage on shares of Luxottica Group SpA in a research note on Wednesday, June 15th. They set an “outperform” rating for the company. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Hold”.

The company’s 50 day moving average is $52.47 and its 200 day moving average is $56.28. The stock has a market capitalization of $22.84 billion and a price-to-earnings ratio of 25.63.

Other large investors have recently made changes to their positions in the company. WBI Investments Inc. purchased a new stake in shares of Luxottica Group SpA during the fourth quarter worth about $1,510,000. Morgan Stanley boosted its stake in shares of Luxottica Group SpA by 3.9% in the fourth quarter. Morgan Stanley now owns 172,562 shares of the company’s stock worth $11,192,000 after buying an additional 6,537 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Luxottica Group SpA by 29.4% in the fourth quarter. Wells Fargo & Company MN now owns 20,133 shares of the company’s stock worth $1,306,000 after buying an additional 4,571 shares during the period. Neuberger Berman Group LLC boosted its stake in shares of Luxottica Group SpA by 1.1% in the fourth quarter. Neuberger Berman Group LLC now owns 348,942 shares of the company’s stock worth $22,632,000 after buying an additional 3,721 shares during the period. Finally, Azimuth Capital Management LLC boosted its stake in shares of Luxottica Group SpA by 7.2% in the fourth quarter. Azimuth Capital Management LLC now owns 52,885 shares of the company’s stock worth $3,430,000 after buying an additional 3,530 shares during the period.

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. It operates in two industry segments: manufacturing and wholesale distribution, and retail distribution. Through its manufacturing and wholesale distribution operations, the Company is engaged in the 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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