Luxottica Group Stock Hits New 52-Week High (LUX)

NEW YORK ( TheStreet) -- Luxottica Group (NYSE: LUX) hit a new 52-week high Tuesday as it is currently trading at $34.45, above its previous 52-week high of $34.43 with 37,083 shares traded as of 12:13 p.m. ET. Average volume has been 89,100 shares over the past 30 days.

Luxottica Group has a market cap of $14.76 billion and is part of the services sector and specialty retail industry. Shares are up 21.2% year to date as of the close of trading on Monday.

Luxottica Group S.p.A., together with its subsidiaries, provides luxury and sport/performance eyewear worldwide. It operates in two segments, Manufacturing and Wholesale Distribution, and Retail Distribution. The company has a P/E ratio of 34, below the average specialty retail industry P/E ratio of 63.5 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Luxottica Group as a buy. The company's strengths can be seen in multiple areas, such as its expanding profit margins, largely solid financial position with reasonable debt levels by most measures and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Luxottica Group Ratings Report.

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