FILE PHOTO: An employee stands outside a Lowe's home improvement chain in Austin, Texas, U.S., February 27, 2017. REUTERS/Mohammad Khursheed/File Photo

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

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. (cnb.cx/2Daaw3y)

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