Jim Cramer told fans of his “Mad Money” TV show Wednesday to buy J. Crew (JCG). He slapped a $35 price target on the stock despite the shares weak performance this year – JCG is down 46% since December. Cramer thinks the stock can reach $35 in 12 months. He explained that J. Crew recently missed earnings due to a problem with the company’s Website. The site went down on June 28, an important weekend day that put a dent in the company’s sales figures. Cramer explained that upgrades to web company’s sites are very troublesome – he has suffered the same problems at Thestreet.com. Despite the setback at JCG, he believes the company is getting back on track and the overhaul of the Website will soon be complete. Cramer also mentioned he likes the CEO Mickey Drexler. Drexler turned around Gap Stores (GPS) and started Old Navy. Finally, he said that J. Crew will probably trade lower until the 12 analysts that follow the company start upgrading the stock. Get the scoop on tomorrow’s hottest trade ideas – TODAY! BeaconEquity.com PREMIER PICKS have an amazing track record. Join this select group and ride the profit wave!