TheStreet's Jim Cramer weighs in on Best Buy and Kohl's quarterly results.

NEW YORK (TheStreet) -- Shares of Best Buy Co. (BBY) - Get Report are gaining 1.33% to $31.89 on Thursday morning after the company reported its 2015 fourth quarter results.

Before today's market open, the Richfield, MN-based consumer electronics retailer posted earnings of $1.53 per diluted share, beating analysts' estimates for earnings of $1.39 per share.

Revenue fell by 4.1% to $13.62 billion, but was higher than Wall Street's projections of $13.61 billion.

Comparable sales in the U.S. dropped by 1.7% during the period. Analysts were expecting a decline of 1.3%.

"When they reported, people immediately looked at the bad comps," TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts PLUScharitable trust, said on CNBC's"Squawk on the Street" this morning. But, he said, "Stores that offer value, like Best Buy, work."

For the first quarter, Best Buy forecasts earnings per diluted share between 31 cents and 35 cents on revenue in the range of $8.25 billion to $8.35 billion. Analysts are looking for earnings per share of 39 cents on revenue of $8.45 billion.

The company expects revenue declines in the first half of the year, but growth in the second half.

"In this context we are targeting flat domestic revenue for the full year due to continued growth in appliances, connected home and home theater in particular, but recognize that it will be challenging without a strong mobile cycle," CFO Sharon McCollam said in a statement.

Additionally, Best Buy said it would repurchase up to $1 billion shares over the next two years and announced a special dividend of 45 cents per share.

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C+ on the stock.

The primary factors that have impacted the rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks.

The company's strengths can be seen in multiple areas, such as its increase in net income, reasonable valuation levels and largely solid financial position with reasonable debt levels by most measures.

However, as a counter to these strengths, the team also finds weaknesses including weak operating cash flow, a generally disappointing performance in the stock itself and disappointing return on equity.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: BBY

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