Shares of Luxottica Group SpA (NYSE:LUX) gapped up prior to trading on Thursday . The stock had previously closed at $49.00, but opened at $49.27. Luxottica Group SpA shares last traded at $50.16, with a volume of 62,356 shares changing hands.

A number of analysts have recently issued reports on LUX shares. TheStreet downgraded shares of Luxottica Group SpA from a “buy” rating to a “hold” rating in a report on Tuesday, March 22nd. Zacks Investment Research upgraded shares of Luxottica Group SpA from a “sell” rating to a “hold” rating in a report on Wednesday, June 22nd. Credit Suisse Group AG began coverage on shares of Luxottica Group SpA in a report on Wednesday, June 15th. They issued an “outperform” rating on the stock. Finally, Raymond James Financial Inc. upgraded shares of Luxottica Group SpA from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 4th. Two analysts have rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold”.

The company has a 50-day moving average price of $51.14 and a 200-day moving average price of $55.62. The company has a market capitalization of $24.11 billion and a PE ratio of 27.15.

Several institutional investors have bought and sold shares of LUX. WBI Investments Inc. acquired a new position in Luxottica Group SpA during the fourth quarter worth about $1,510,000. Wells Fargo & Company MN boosted its position in 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. Morgan Stanley boosted its position in 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. Azimuth Capital Management LLC boosted its position in 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. Finally, Comerica Bank boosted its position in 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.

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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