NEW YORK (TheStreet) --This afternoon's CNBC "Fast Money Halftime Report" discussed Macy's (M) - Get Report stock, one that the analysts on the panel felt the market was underpricing.

TIAA Global Asset Management managing director Stephanie Link was bullish on the name as she believes the company continues to make strides in the right direction.

"The company is doing a lot of things to get it right. They've got a huge restructuring program going on where they're re-formatting their stores, re-formatting their products, they're getting smarter, and they're getting more productive," Link explained.

Additionally, Link echoed her confidence in the new CEO Jeff Gennette, and his renewed focus on merchandising as well as providing the consumer with the optimal experience when shopping at Macy's.

"Twelve times earning with a 4% yield, still fairly low expectations out there," Link said about the stock.

Virtus Investment Partners chief market strategist Joe Terranova also believes Macy's stock is just beginning to hit its stride.

"It's incredibly momentum-based, positive momentum is coming back again, yes I would be a buyer here. It's interesting to me when we talk about looking for value; that yield is going to compress further," Terranova noted.

Douglas C. Lane & Associates managing director and portfolio manager Sarat Sethi also echoed the bullish tone on Macy's.

"We own Macy's, and I think it's a long-term play," Sethi said.

Shares of Macy's were higher during mid-afternoon trading on Tuesday. 

Separately, TheStreet Ratings rates Macy's as a "Hold" with a ratings score of "C." The primary factors that have impacted TheStreet Ratings 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 reasonable valuation levels, expanding profit margins and notable return on equity. However, as a counter to these strengths, TheStreet Ratings also finds weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally higher debt management risk.

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: M

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