NEW YORK (TheStreet) -- Shares of Wal-Mart Stores, Inc. (WMT) are up 1.00% to $76.83 as the retailer looks to grow by embracing smaller stores as its superstore concept looses favor among consumers, the Wall Street Journal reports.
Since taking over in February, Wal-Mart executives say CEO Doug McMillon has doled out urgent instructions to accelerate new store concepts and online strategies in an attempt to gain back market share from encroaching rivals like Amazon.com (AMZN) and fast-expanding dollar store chains, the Journal said.
TheStreet Ratings team rates WAL-MART STORES INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:
"We rate WAL-MART STORES INC (WMT) a BUY. This is driven by a few notable strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, good cash flow from operations, reasonable valuation levels, increase in stock price during the past year and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income."
Highlights from the analysis by TheStreet Ratings Team goes as follows: