12:35 PM EST, 03/05/2024 (MT Newswires) -- Stitch Fix ( SFIX ) shares fell 19% in recent Tuesday trading as several brokerages cut their price targets on the company's stock after fiscal Q2 revenue trailed estimates.

Late Monday, the company reported a fiscal Q2 loss of $0.30 per diluted share, narrowing from the loss of $0.58 a year earlier. Analysts polled by Capital IQ expected a loss of $0.22.

Net revenue in the quarter ended Jan. 27 fell to $330.4 million from $400.6 million a year earlier. Analysts surveyed by Capital IQ expected $332.3 million.

The company expects net revenue from continuing operations of $300 million to $310 million in fiscal Q3 and $1.29 billion to $1.32 billion in fiscal 2024. Analysts polled by Capital IQ expect $307 million in Q3 and $1.31 billion in the full year.

Truist Securities, Piper Sandler, Wells Fargo, Canaccord Genuity and Bernstein were among analysts cutting price targets.

Price: 2.65, Change: -0.64, Percent Change: -19.36