The largest stock price changes during the day: Best Buy, Kroger, Burlington and others.

Check out the companies making headlines in midday trading.

Despite Best Buy reporting adjusted earnings that only matched the Refinitiv consensus estimate, the retail stock still jumped 9.2% after the company announced it was raising its quarterly dividend by 26%.

The grocery chain experienced a 11.6% increase in shares after exceeding Wall Street expectations for earnings. The company reported fourth-quarter adjusted earnings of 91 cents per share on revenue of $33.05 billion. Analysts had predicted a profit of 74 cents per share on revenue of $32.86 billion, according to Refinitiv.

BJ's revenue fell short of analysts' expectations by $40 million, resulting in a 13.2% decline in shares.

The company's earnings report caused a 1.2% decline in share prices, as they fell short of the Refinitiv consensus estimate by $0.14 per share.

In midday trading, Burlington's stock dropped 13% after its holiday earnings report missed consensus estimates. The company reported quarterly adjusted earnings of $2.53 per share on $2.6 billion in revenue, which was lower than Refinitiv's consensus estimates of $3.25 per share on $2.78 billion in sales.

Despite revenue for the fourth quarter growing by 101% year over year, shares of the software company plummeted 15.4% after the company reported earnings indicating the slowest sales growth since at least 2019. The company also reported an adjusted loss of 43 cents per share.

The company's shares increased by 2.2% following the release of better-than-anticipated results for the fourth quarter. The company's earnings per share, excluding items, were 24 cents on $233 million in revenue. Analysts had predicted earnings of 23 cents per share on $229 million in revenue.

After the retailer reported quarterly results, the stock dropped 9.3%. American Eagle predicted that higher freight costs would negatively impact their earnings in the first half of 2022.

Morgan Stanley downgraded the stock from equal-weight to underweight, causing shares to dip 1.9%. Ethan Puritz, of Morgan Stanley, stated that downgrades of value stocks will allow the company to focus on more actionable situations that offer relatively more attractive risk-reward going forward.

Southwest's stock was upgraded to outperform from in-line by Evercore ISI, citing the airline's greater relative financial strength and margin-focused planning.

After two firms downgraded the bank's stock, it fell 3.3%. Analysts were unimpressed with Citi's medium-term target for return on tangible common equity, a crucial industry metric.

— CNBC’s Samantha Subin and Sarah Min contributed reporting.