TheStreet's Jim Cramer discusses PVH's fourth quarter results in the above video.

NEW YORK (TheStreet) -- Shares of PVH Corp. (PVH) - Get Report are spiking by 8.34% to $94.94 on heavy trading volume on Thursday afternoon, after the New York-based company reported better-than-expected results for the 2015 fourth quarter.

After yesterday's closing bell, the owner of Calvin Klein and Tommy Hilfiger brands posted adjusted earnings of $1.52 per share, topping analysts' expectations of $1.46 per share.

Revenue for the period was $2.11 billion, surpassing Wall Street's estimates of $2.07 billion.

TheStreet's Jim Cramer, Portfolio Manager of the Action Alerts Plus charitable trust, spoke with the company's Chairman and CEO Emanuel Chirico on CNBC's "Mad Money" yesterday.

Chirico "talked about PVH really making a comeback. How did they do that? It's Calvin Klein, up 20%, it's a shocking turn," Cramer said in the video above.

"This is two great quarters right in a row. I like it," Cramer added.

Chirico also noted on the show that while the U.S. department store channel has been challenged, PVH's brands are outperforming, Deutsche Bank said in an analyst note. At Macy's (M) in particular, he described Calvin Klein's performance as "phenomenal."

However, the company provided a weak forecast for the year due to foreign exchange headwinds, unstable consumer spending and a highly promotional retail market.

For the full year, the company expects earnings per share in the range of $6.30 to $6.50, missing analysts' estimates. Analysts are looking for earnings of $6.56 per share.

"While the global retail landscape continues to be uncertain with major foreign currencies largely weakening against the U.S. dollar and unpredictable and volatile global consumer spending, we believe that we can successfully navigate this environment and have taken a prudent approach to our 2016 plan," CEO Emanuel Chirico said in a statement.

Additionally, PVH projects adjusted earnings per share between $1.40 and $1.45 for the first quarter, while analysts are expecting earnings of $1.34 per share.

About 2.63 million of the company's shares changed hands by this afternoon vs. its average volume of 1.06 million.

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 attractive valuation levels, expanding profit margins and largely solid financial position with reasonable debt levels by most measures.

As a counter to these strengths, the team also finds weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself.

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: PVH

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