Luxottica Group SpA (NYSE:LUX) was up 3.4% during trading on Wednesday . The company traded as high as $49.81 and last traded at $49.47, with a volume of 137,781 shares. The stock had previously closed at $47.83.

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

The firm has a market capitalization of $23.67 billion and a PE ratio of 26.66. The stock’s 50-day moving average price is $51.44 and its 200-day moving average price is $55.71.

Several hedge funds and institutional investors have recently made changes to their positions in the stock. Comerica Bank boosted its position in shares of Luxottica Group SpA by 5.0% in the fourth quarter. Comerica Bank now owns 25,974 shares of the company’s stock worth $1,593,000 after buying an additional 1,231 shares during the last quarter. Azimuth Capital Management LLC boosted its position 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 last quarter. Morgan Stanley boosted its position 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 last quarter. Wells Fargo & Company MN boosted its position 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 last quarter. Finally, WBI Investments Inc. purchased a new position in shares of Luxottica Group SpA during the fourth quarter worth approximately $1,510,000.

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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