Rent the Runway, Inc. (RENT)

Market Cap	31.61M
Revenue (ttm)	305.60M
Net Income (ttm)	-81.30M
Shares Out	3.81M
EPS (ttm)	-22.06
PE Ratio	n/a
Forward PE	n/a
Dividend	n/a
Ex-Dividend Date	n/a

Volume	40,742
Open	8.37
Previous Close	8.29
Day's Range	8.08 - 8.64
52-Week Range	4.46 - 41.81
Beta	1.19
Analysts	Buy
Price Target	26.83 (+223.25%)
Earnings Date	Dec 9, 2024

About RENT

Rent the Runway, Inc. operates shared designer closet in the United States. The company offers evening wear and accessories, ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear, and ski wear under subscription, rental, and resale offering. It also engages in the software development and support activities. Rent the Runway, Inc. was incorporated in 2009 and is headquartered in Brooklyn, New York.

• Industry: Apparel Retail
• Sector: Consumer Discretionary
• IPO Date: Oct 27, 2021
• Employees: 1,104
• Stock Exchange: NASDAQ
• Ticker Symbol: RENT
• Website: https://www.renttherunway.com

Financial Performance

In 2023, Rent the Runway's revenue was $298.20 million, an increase of 0.61% compared to the previous year's $296.40 million. Losses were -$113.20 million, -18.39% less than in 2022.

Analyst Forecast

According to 6 analysts, the average rating for RENT stock is "Buy." The 12-month stock price forecast is $26.83, which is an increase of 223.25% from the latest price.

Price Target

$26.83

(223.25% upside)

Analyst Consensus: Buy