D.E. Shaw takes stake in Lowe's: report

Retail Reuters

In this Wednesday, June 29, 2016, photo, customers walk toward a Lowe's store in Hialeah, Fla. (AP Photo/Alan Diaz)

Hedge fund D.E. Shaw & Co has built an active stake in home improvement chain Lowe’s Cos Inc (LOW), CNBC reported on Friday, citing sources.

Continue Reading Below

D.E. Shaw is concerned about Lowe's performance relative its peers and is not pushing for consolidation with another home retailer at this time, according to the report.

More from FOX Business

Lowe’s shares touched a record high of $102.28 in late-afternoon trading.

What do you think?

Click the button below to comment on this article.