Why Kohl's Stock Crashed 20% on Tuesday

At a P/E of 10 after its sell-off, Kohl's stock looks cheap.Kohl's (KSS -20.15%) stock collapsed after the company reported mixed earnings for its fiscal third quarter of 2024 Tuesday morning, falling 20% in the first 10 minutes of trading, as of 9:40 a.m. ET.Analysts forecast Kohl's would book $3.7 billion in sales for the third quarter ended Nov. 2, and Kohl's nailed that target. Unfortunately, they also forecast Kohl's would earn$0.27 per share -- but Kohl's earned only $0.20. Adding to investors' distr ...