Luxottica Group SpA (NYSE:LUX)’s share price gapped up prior to trading on Monday . The stock had previously closed at $46.77, but opened at $47.26. Luxottica Group SpA shares last traded at $47.92, with a volume of 13,807 shares traded.

Several research firms have recently issued reports on LUX. Zacks Investment Research raised Luxottica Group SpA from a “sell” rating to a “hold” rating in a research report on Wednesday, June 22nd. Credit Suisse Group AG began coverage on Luxottica Group SpA in a research report on Wednesday, June 15th. They issued an “outperform” rating for the company. RBC Capital Markets downgraded Luxottica Group SpA from an “outperform” rating to a “sector perform” rating in a report on Monday, August 8th. Royal Bank Of Canada downgraded Luxottica Group SpA from an “outperform” rating to a “sector perform” rating in a report on Monday, August 8th. Finally, Deutsche Bank AG upgraded Luxottica Group SpA from a “hold” rating to a “buy” rating in a report on Tuesday, September 13th. One analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold”.

The company has a market capitalization of $23.03 billion, a P/E ratio of 26.5743 and a beta of 0.97. The stock’s 50-day moving average price is $48.49 and its 200 day moving average price is $51.78.

Large investors have recently modified their holdings of the company. Ngam Advisors L.P. acquired a new stake in Luxottica Group SpA during the second quarter worth approximately $561,000. Bank of New York Mellon Corp boosted its stake in Luxottica Group SpA by 0.9% in the second quarter. Bank of New York Mellon Corp now owns 4,369 shares of the company’s stock worth $213,000 after buying an additional 38 shares during the period. Bank of Montreal Can acquired a new stake in Luxottica Group SpA during the second quarter worth approximately $527,000. Harding Loevner LP boosted its stake in Luxottica Group SpA by 154.9% in the second quarter. Harding Loevner LP now owns 50,746 shares of the company’s stock worth $2,479,000 after buying an additional 30,839 shares during the period. Finally, Fisher Asset Management LLC boosted its stake in Luxottica Group SpA by 1.2% in the second quarter. Fisher Asset Management LLC now owns 879,336 shares of the company’s stock worth $41,918,000 after buying an additional 10,478 shares during the period. Hedge funds and other institutional investors own 1.19% of the company’s stock.

About Luxottica Group SpA

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.

5 Day Chart for NYSE:LUX

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