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This Cheap Stock Just Got 12% Cheaper

TheMotleyFool

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Stock valuations have soared to multiyear highs in 2021, helping the S&P 500 hit an all-time high last month. Nevertheless, shares of Kohl's (NYSE: KSS) have been trading at a rock-bottom valuation of less than 10 times forward earnings recently.

Kohl's shares got even cheaper last week, sinking 12% to end the week at $48.56: 25% below their 52-week high. This pullback represents a great buying opportunity for long-term investors.