Gary Hershorn/Getty

Shares of PVH (PVH - Get Report) soared 17.4% to $130.14 Thursday after the apparel company beat Wall Street's fourth-quarter earnings and sales expectations, as its Tommy Hilfiger brand had an "outstanding quarter," while its Calvin Klein segment delivered "healthy" results.

The New York based company said it earned $158 million, or $2.09 a share, in the quarter, up from $109 million, or $1.39 a share, a year ago. Adjusted earnings came to $1.84 a share, compared with $1.58 a share a year ago, and beat analysts' forecasts of $1.76 a share. Revenue slipped 1% to $2.5 billion but was ahead of expectations of $2.4 billion.

"Tommy Hilfiger had an outstanding quarter, with strong growth across all product categories and regions," Emanuel Chirico, chairman and CEO, said in a statement. "Calvin Klein delivered a healthy quarter, with particular strength in Europe, solidifying our confidence in the margin opportunity that we previously identified for 2019 and beyond."

Sales at Tommy Hilfiger increased 2.3% to $1.2 billion during the reported quarter. The company expects the brand's sales to grow about 6% in full-year 2019. Calvin Klein sales decreased 2% to $953 million, while Calvin Klein international revenue increased 2% to $523 million.

JPMorgan, meanwhile, raised its price target on PVH to $139 a share from $132.

How Much Money Will I Need to Retire?

Want to learn about retirement planning from some of the nation's top experts? Join TheStreet's Robert "Mr. Retirement" Powell live in New York on April 6 for our Retirement Strategies Symposium. For a limited time, tickets are available for $99 for this full-day event. Check out the agenda, learn about the speakers and sign up here.