Luxottica Group SpA (LUX) Receives $45.50 Average Target Price from Analysts
Shares of Luxottica Group SpA (NYSE:LUX) have earned a consensus recommendation of “Hold” from the nine research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $45.50.
A number of analysts have recently issued reports on LUX shares. Morgan Stanley upgraded shares of Luxottica Group SpA from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, June 13th. Zacks Investment Research upgraded shares of Luxottica Group SpA from a “sell” rating to a “hold” rating in a research note on Saturday, May 6th.
Hedge funds have recently bought and sold shares of the company. WCM Investment Management CA boosted its stake in Luxottica Group SpA by 11.3% in the second quarter. WCM Investment Management CA now owns 1,434,811 shares of the company’s stock worth $83,620,000 after buying an additional 145,746 shares in the last quarter. Boston Financial Mangement LLC boosted its stake in Luxottica Group SpA by 25.0% in the second quarter. Boston Financial Mangement LLC now owns 305,288 shares of the company’s stock worth $17,792,000 after buying an additional 61,068 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Luxottica Group SpA by 3.2% in the second quarter. Parametric Portfolio Associates LLC now owns 249,026 shares of the company’s stock worth $14,513,000 after buying an additional 7,613 shares in the last quarter. Aperio Group LLC boosted its stake in Luxottica Group SpA by 9.3% in the second quarter. Aperio Group LLC now owns 164,863 shares of the company’s stock worth $9,524,000 after buying an additional 14,016 shares in the last quarter. Finally, Karp Capital Management Corp bought a new stake in Luxottica Group SpA during the first quarter worth about $8,304,000. Institutional investors own 1.68% of the company’s stock.
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Luxottica Group SpA (NYSE:LUX) traded up 0.41% on Tuesday, reaching $60.90. 349,483 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $57.94 and its 200-day moving average is $57.15. Luxottica Group SpA has a 12 month low of $44.85 and a 12 month high of $62.57.
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.
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