NEW YORK (TheStreet) -- Before Wednesday's market open, Target Corp. (TGT) - Get Report reported a 34% increase in digital channel sales for the fiscal 2015 fourth quarter, which made e-commerce giant "Amazon.com (AMZN) look bad," TheStreet's Jim Cramer said on CNBC's Squawk on the Street this morning.

Shares of Target are up 1.64% to $75.20 in mid-morning trading on Wednesday.

The company delivered "very strong numbers today," Cramer added, noting that home and baby sales were "incredibly strong."

Cramer also praised the company for the 1.9% comparable store sales growth that exceeded expectations of a 1.4% increase.

(Target is held in Jim Cramer's charitable trust Action Alerts PLUS. See all of his holding with afree trial.)

Additionally, Lowe's Cos. (LOW) reported earnings in-line with estimates and better-than-expected revenue for the fiscal 2015 fourth quarter this morning, but the home improvement retailer's stock is down nearly 2% because of bad timing, Cramer explained.

Cramer urged Lowe's to stop reporting the day after Home Depot (HD) because it puts the company "up against a difficult comparison."

Cramer said Home Depot did amazing during the latest holiday season, observing that "it wasn't even their Christmas season." The company's strongest quarter is typically the spring quarter.

Separately, Target has a "buy" rating and a letter grade of B at TheStreet Ratings because of the company's increase in net income, revenue growth, largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and good cash flow from operations.

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

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.

Image placeholder title

TGT

data by

YCharts