NEW YORK (TheStreet) -- Shares of Sketchers USA (SKX) - Get Report are gaining by 2.50% to $32.38 on Monday morning, after the shoe retailer's COO and CFO David Weinberg appeared on CNBC's "Mad Money" with TheStreet's Jim Cramer and said he believed the company "can double the business in the next five years."

Weinberg appeared on Friday evening's addition of "Mad Money." On the previous day, Sketchers reported its 2015 third quarter earnings results, with revenue missing the consensus estimate. Sales, however, did grow by 27% year over year.

Cramer believes the revenue miss was the result of a stronger dollar, a $5 million personal injury lawsuit settlement and a rise in deferred rent expenses at the company's Fifth Avenue location in New York City, CNBC.com reported.

Weinberg sees the dramatic selloff of Sketchers' stock as an overreaction, CNBC noted.

"Business is very good and continues to be very good," he told Cramer.

"So, we are feeling pretty good, and we think we have great opportunity both in this quarter, in the first quarter of next year, and still think we can double the business in the next five years," Weinberg added.

Separately, TheStreet Ratings team rates SKECHERS U S A INC as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:

We rate SKECHERS U S A INC (SKX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, solid stock price performance, impressive record of earnings per share growth and compelling growth in net income. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook.

Highlights from the analysis by TheStreet Ratings Team goes as follows: