NEW YORK (TheStreet) -- On the heels of the success of the Walt DisneyCo.'s (DIS) - Get Report latest live action film, "Cinderella," a retelling of one of the company's classic animated features, Disney is said to be adding to its remake library with a retelling of its 1998 cartoon feature "Mulan," the Hollywood Reporter said.

Shares of  Disney closed higher by 0.61% to $106.12 on Monday afternoon.

Disney is said to have purchased a script from the writing team Elizabeth Martin and Lauren Hynek, the Hollywood Reporter added.

Disney's latest live action remake "Cinderella," which was released earlier this month, made box office magic during its opening weekend with a reported $70.1 million domestically and $132 million globally.

"Cinderella" has earned $336.2 million worldwide to date, the Hollywood Reporter noted.

Disney previously announced plans for a live action retelling of its early 90's classic "Beauty and the Beast."

Earlier today the family entertainment and media company's rival DreamWorks (DWA)  stock gained on better than expected weekend box office success with its latest animated feature "Home."

The movie brought in $54 million over the weekend, exceeding the $30 million to $35 million analysts had expected, Reuters reports.

Separately, TheStreet Ratings team rates DISNEY (WALT) CO as a Buy with a ratings score of A+. TheStreet Ratings Team has this to say about their recommendation:

"We rate DISNEY (WALT) CO (DIS) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, notable return on equity, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company shows low profit margins."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

  • DIS's revenue growth has slightly outpaced the industry average of 7.7%. Since the same quarter one year prior, revenues slightly increased by 8.8%. Growth in the company's revenue appears to have helped boost the earnings per share.
  • DISNEY (WALT) CO has improved earnings per share by 23.3% in the most recent quarter compared to the same quarter a year ago. The company has demonstrated a pattern of positive earnings per share growth over the past two years. We feel that this trend should continue. During the past fiscal year, DISNEY (WALT) CO increased its bottom line by earning $4.25 versus $3.38 in the prior year. This year, the market expects an improvement in earnings ($4.89 versus $4.25).
  • The return on equity has improved slightly when compared to the same quarter one year prior. This can be construed as a modest strength in the organization. Compared to other companies in the Media industry and the overall market, DISNEY (WALT) CO's return on equity exceeds that of both the industry average and the S&P 500.
  • Net operating cash flow has significantly increased by 53.05% to $1,855.00 million when compared to the same quarter last year. In addition, DISNEY (WALT) CO has also modestly surpassed the industry average cash flow growth rate of 47.71%.
  • Investors have apparently begun to recognize positive factors similar to those we have mentioned in this report, including earnings growth. This has helped drive up the company's shares by a sharp 33.85% over the past year, a rise that has exceeded that of the S&P 500 Index. Looking ahead, the stock's sharp rise over the last year has already helped drive it to a level which is relatively expensive compared to the rest of its industry. We feel, however, that other strengths this company displays justify these higher price levels.
  • You can view the full analysis from the report here: DIS Ratings Report