5 Most Undervalued Retail Stocks To Buy According To Hedge Funds

4. Lowe’s Companies, Inc. (NYSE:LOW)

Number of Hedge Fund Holders: 61

Lowe’s Companies, Inc. (NYSE:LOW) forward PE ratio as of February 2 stands at 14.27, according to Yahoo Finance. It is one of the most famous retail stocks among the 920 elite hedge funds tracked by Insider Monkey, as 61 funds reported owning stakes in Lowe’s Companies, Inc. (NYSE:LOW) at the end of the third quarter of last year. The net worth of these stakes was about $5.3 billion. The biggest stakeholder of Lowe’s Companies, Inc. (NYSE:LOW) was Bill Ackman’s Pershing Square which owns a $1.9 billion stake in the firm.