Jefferies Group Weighs in on Luxottica Group SpA’s FY2018 Earnings (LUX)

Luxottica Group SpA (NYSE:LUX) – Research analysts at Jefferies Group decreased their FY2018 EPS estimates for shares of Luxottica Group SpA in a research note issued on Thursday. Jefferies Group analyst J. Grzinic now expects that the company will post earnings per share of $2.21 for the year, down from their previous forecast of $2.26. Jefferies Group also issued estimates for Luxottica Group SpA’s FY2019 earnings at $2.33 EPS.

A number of other equities research analysts also recently weighed in on LUX. Societe Generale downgraded shares of Luxottica Group SpA from a “buy” rating to a “hold” rating in a research report on Thursday, January 5th. Barclays PLC reaffirmed a “buy” rating on shares of Luxottica Group SpA in a research report on Sunday, January 15th. Zacks Investment Research downgraded shares of Luxottica Group SpA from a “buy” rating to a “hold” rating in a research report on Tuesday, January 17th. Goldman Sachs Group Inc reaffirmed a “hold” rating on shares of Luxottica Group SpA in a research report on Thursday, January 19th. Finally, HSBC Holdings plc raised shares of Luxottica Group SpA from a “hold” rating to a “buy” rating in a research report on Friday, January 27th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $49.00.

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Shares of Luxottica Group SpA (NYSE:LUX) traded down 0.4672% during mid-day trading on Friday, hitting $54.4942. The stock had a trading volume of 19,444 shares. Luxottica Group SpA has a 12-month low of $44.85 and a 12-month high of $57.17. The company’s 50 day moving average price is $54.22 and its 200 day moving average price is $52.24. The stock has a market cap of $26.00 billion, a P/E ratio of 28.9247 and a beta of 0.60.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. WCM Investment Management CA boosted its position in Luxottica Group SpA by 2.7% in the first quarter. WCM Investment Management CA now owns 1,289,065 shares of the company’s stock valued at $70,963,000 after buying an additional 33,837 shares during the period. Kornitzer Capital Management Inc. KS purchased a new position in Luxottica Group SpA during the third quarter valued at approximately $14,286,000. Jane Street Group LLC boosted its position in Luxottica Group SpA by 560.7% in the third quarter. Jane Street Group LLC now owns 112,219 shares of the company’s stock valued at $5,366,000 after buying an additional 95,235 shares during the period. Harding Loevner LP boosted its position in Luxottica Group SpA by 17.0% in the first quarter. Harding Loevner LP now owns 76,203 shares of the company’s stock valued at $4,195,000 after buying an additional 11,085 shares during the period. Finally, William Blair Investment Management LLC purchased a new position in Luxottica Group SpA during the fourth quarter valued at approximately $3,808,000. Hedge funds and other institutional investors own 1.48% 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.

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