Top 5 Stock Picks of Frederick DiSanto’s Ancora Advisors

In this article, we will take a look at the Top 5 Stock Picks of Frederick DiSanto’s Ancora Advisors. To read our analysis of Frederick DiSanto’s profile, investment strategy, and 13F holdings, you can go to the Top 10 Stock Picks of Frederick DiSanto’s Ancora Advisors.

5. Kohl’s Corporation (NYSE:KSS)

Ancora Advisors’ Stake Value: $63,728,000

Percentage of Ancora Advisors’ 13F Portfolio: 1.80%

Number of Hedge Fund Holders: 40

Kohl’s Corporation (NYSE:KSS) is a leading omnichannel retailer with more than 1,100 stores in 49 states. Frederick DiSanto’s Ancora Advisors’ holds 1,785,601 shares of Kohl’s Corporation (NYSE:KSS), accounting for 1.80% of its 13F portfolio, as of Q2 2022. The hedge fund increased its stake by 9% during the latest quarter, as compared to the previous one.

In August, Kohl’s Corporation (NYSE:KSS) released its financial results for the quarter ended July 30, 2022. Its total revenue decreased by 8% y-o-y to $4.1 billion, while its net income shrunk by 63% y-o-y to $143 million for the three months. The normalized EPS was recorded at $1.11 for the quarter, missing the consensus by $0.01. Its board of directors declared a quarterly cash dividend of $0.50 per common share.

On September 16, JPMorgan analyst Matthew Boss raised the price target on Kohl’s Corporation (NYSE:KSS) shares to $30 from $28 but maintained a ‘Neutral’ rating on the shares.

As of Q2 2022, 40 of the 895 hedge funds tracked by Insider Monkey held Kohl’s Corporation (NYSE:KSS) shares with a total value of $594 million. HG Vora Capital Management was its largest hedge fund shareholder with ownership of 3 million shares valued at $107 million.