Luxottica Group SpA (NYSE:LUX) gapped up before the market opened 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.

A number of research firms recently weighed in on LUX. Zacks Investment Research raised shares of Luxottica Group SpA from a “sell” rating to a “hold” rating in a research note on Wednesday, June 22nd. TheStreet downgraded shares of Luxottica Group SpA from a “buy” rating to a “hold” rating in a research note on Tuesday, March 22nd. Credit Suisse Group AG began coverage on shares of 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 shares of Luxottica Group SpA from a “market perform” rating to an “outperform” rating in a research note on Wednesday, May 4th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. Luxottica Group SpA presently has an average rating of “Hold”.

The stock has a market capitalization of $23.80 billion and a PE ratio of 26.84. The company’s 50 day moving average is $50.98 and its 200 day moving average is $55.50.

Several large investors recently bought and sold shares of the stock. Wells Fargo & Company MN increased its stake 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. WBI Investments Inc. bought a new stake in Luxottica Group SpA during the fourth quarter worth $1,510,000. Comerica Bank increased its stake 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. Azimuth Capital Management LLC increased its stake 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, Morgan Stanley increased its stake 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.

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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