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TheStreet Wire

Wal-Mart Stores Reaches New 52-Week High (WMT)

By TheStreet Wire 06/29/12 - 10:18 AM EDT

Find out if (WMT) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- Wal-Mart Stores (NYSE:WMT) hit a new 52-week high Friday as it is currently trading at $69.05, above its previous 52-week high of $68.92 with 893,514 shares traded as of 9:55 a.m. ET. Average volume has been 11.6 million shares over the past 30 days.

Wal-Mart Stores has a market cap of $232.08 billion and is part of the services sector and retail industry. Shares are up 14.3% year to date as of the close of trading on Thursday.

Wal-Mart Stores, Inc. operates retail stores in various formats worldwide. It operates retail stores, restaurants, discount stores, supermarkets, supercenters, hypermarkets, warehouse clubs, apparel stores, Sam's Clubs, and neighborhood markets, as well as walmart.com; and samsclub.com. The company has a P/E ratio of 14.8, equal to the average retail industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Wal-Mart Stores as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, growth in earnings per share, increase in net income and good cash flow from operations. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Wal-Mart Stores Ratings Report.

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