Rent the Runway, Inc. (RENT)

NASDAQ: RENT · IEX Real-Time Price · USD
0.345
+0.003 (0.99%)
At close: Mar 28, 2024, 4:00 PM
0.334
-0.011 (-3.30%)
After-hours: Mar 28, 2024, 7:55 PM EDT
0.99%
Market Cap 24.49M
Revenue (ttm) 297.80M
Net Income (ttm) -114.60M
Shares Out 67.81M
EPS (ttm) -1.71
PE Ratio n/a
Forward PE n/a
Dividend n/a
Ex-Dividend Date n/a
Volume 726,148
Open 0.352
Previous Close 0.342
Day's Range 0.338 - 0.356
52-Week Range 0.310 - 3.460
Beta 0.86
Analysts Buy
Price Target 1.91 (+452.98%)
Earnings Date Apr 10, 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. The company was incorporated in 2009 and is headquartered in Brooklyn, New York. [Read more]

Industry Apparel Retail
IPO Date Oct 27, 2021
Employees 880
Stock Exchange NASDAQ
Ticker Symbol RENT
Full Company Profile

Financial Performance

In 2022, RENT's revenue was $296.40 million, an increase of 45.79% compared to the previous year's $203.30 million. Losses were -$138.70 million, -34.51% less than in 2021.

Financial Statements

Analyst Forecast

According to 8 analysts, the average rating for RENT stock is "Buy." The 12-month stock price forecast is $1.91, which is an increase of 452.98% from the latest price.

Price Target
$1.91
(452.98% upside)
Analyst Consensus: Buy
Stock Forecasts

News

Rent the Runway Approved 1-for-20 Stock Split to Keep Nasdaq Listing

The reverse stock split comes about five months after it received a Nasdaq notification that the company had until April 17 to regain compliance with the index's listing rules.

2 days ago - WSJ

Rent the Runway Announces 1-for-20 Reverse Stock Split

NEW YORK, March 26, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway” or the “RTR”) (NASDAQ: RENT) today announced that it will proceed with a 1-for-20 reverse stock split (“Reverse St...

2 days ago - GlobeNewsWire

Rent the Runway to Report Fourth Quarter and Fiscal Year 2023 Results on April 10, 2024

NEW YORK, March 20, 2024 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its fourth quarter and fiscal year 2023 financial resul...

8 days ago - GlobeNewsWire

Rent The Runway Pledges $1M to Celebrate Women's Career Wins

Rent the Runway, a platform where customers can subscribe, rent items a-la-carte and shop resale from hundreds of designer brands, is gifting $1 million in free subscriptions throughout this Women's H...

16 days ago - Bloomberg Technology

Rent the Runway Names Natalie McGrath Chief Marketing Officer

Company Engages World Class Talent to Reinvigorate Brand Focus and Reignite Growth Funnel Company Engages World Class Talent to Reinvigorate Brand Focus and Reignite Growth Funnel

4 weeks ago - GlobeNewsWire

Is Rent the Runway Struggling or Strategically Recalibrating?

Rent the Runway, a fashion rental company, has undergone adjustments, including a 10% reduction in its corporate workforce. However, the question arises: Is this indicative of a struggling company, or...

2 months ago - PYMNTS

Rent The Runway Cuts 10% Of Workforce And COO Exits

Rent the Runway announced that it is eliminating 37 corporate positions and COO Anushka Salinas will leave the company on January 31. Her resignation comes on the heels of a company restructuring.

2 months ago - Forbes

Rent The Runway Cuts 10% Of Corporate Workforce As COO Exits

Rent the Runway announced that it is eliminating 37 corporate positions and COO Anushka Salinas will leave the company on January 31. Her resignation comes on the heels of a company restructuring.

2 months ago - Forbes

Rent the Runway Cuts 10% of Corporate Staff

With subscriber growth slowing, fashion rental firm Rent the Runway has begun cutting staff. The company plans to let go of about 10% of its corporate employees, it said in a Tuesday (Jan. 9) regulato...

2 months ago - PYMNTS

Rent the Runway to cut 10% of its workforce

Rent the Runway Inc (NASDAQ: RENT) is in focus this morning after announcing a major restructuring that includes lowering its headcount. How many employees will be laid off?

2 months ago - Invezz

Rent the Runway to Cut About 10% of Corporate Jobs, Lose Operating Chief

The fashion subscription company has established another restructuring plan that includes cutting about 10% of its corporate roles.

2 months ago - WSJ

Top 3 Consumer Stocks Which Could Rescue Your Portfolio In January - Mobileye Global (NASDAQ:MBLY), Canoo (NASDAQ:GOEV)

The most oversold stocks in the consumer discretionary presents an opportunity to buy into undervalued companies.

Other symbols: GOEVMBLY
2 months ago - Benzinga

Rent the Runway, Inc. Announces Third Quarter 2023 Results

Announces Corporate Debt Restructuring Reiterates FY23 Revenue and Adjusted EBITDA Guidance. Committed to Delivering Free Cash Flow Breakeven in FY 2024 Significantly Improved Inventory In-Stock Posit...

4 months ago - GlobeNewsWire

Clothing rental service Nuuly reaches profitability, beating rival Rent the Runway to the benchmark

Urban Outfitters' clothing rental service Nuuly has turned its first profit since its launch in 2019, rivaling the performance of competitor Rent the Runway.

4 months ago - CNBC

Rent the Runway to Participate in Upcoming Investor Conference

NEW YORK, Nov. 20, 2023 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it will participate in the following investor event:

4 months ago - GlobeNewsWire

Rent the Runway to Report Third Quarter 2023 Results on December 5, 2023

NEW YORK, Nov. 15, 2023 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its third quarter 2023 financial results for the quarter...

4 months ago - GlobeNewsWire

How Urban Outfitters' Nuuly is outsmarting Rent the Runway

Since launching in 2019, Nuuly, a clothing rental subscription service by Urban Outfitters Inc., is growing quickly.

Other symbols: URBN
5 months ago - CNBC

Rent the Runway Struggles to Meet Soaring Consumer Demand

As consumers increasingly prioritize mindful consumption across various facets of their lives, rentals have emerged as a popular means of accessing new styles without the burden of commitment and exce...

7 months ago - PYMNTS

Rent the Runway, Inc. Announces Second Quarter 2023 Results

Announces Intention to Accelerate Path to Free Cash Flow Profitability Before Cash Interest to FY24 Q2 Net Loss of $(26.8) M and Net Loss Margin was (35.4)% , vs $(33.9) M and (44.3)% in Q2 2022 Stron...

7 months ago - GlobeNewsWire

Rent the Runway to Report Second Quarter 2023 Results on September 8, 2023

NEW YORK, Aug. 18, 2023 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its second quarter 2023 financial results for the quarte...

7 months ago - GlobeNewsWire

Rent the Runway stock tumbles on disappointing sales forecast

Yahoo Finance Live's Brad Smith and Julie Hyman check out shares of the subscription fashion service Rent the Runway after it released a sales forecast that disappointed investors. Yahoo Finance Live'...

10 months ago - Yahoo Finance

Rent the Runway, Inc. Announces First Quarter 2023 Results

Record High Active Subscriber Count of 145,220 as of April 30, 2023, Growing 15% Quarter Over Quarter Rapid Progress on Improving the Customer Experience

10 months ago - GlobeNewsWire

Rent the Runway to Participate in Upcoming Investor Conferences

NEW YORK, June 05, 2023 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it will participate in the following investor events:

10 months ago - GlobeNewsWire

Rent the Runway to Report First Quarter 2023 Results on June 7, 2023

NEW YORK, May 17, 2023 (GLOBE NEWSWIRE) -- Rent the Runway, Inc. (“Rent the Runway”) (Nasdaq: RENT) announced today that it expects to release its first quarter 2023 financial results for the quarter ...

11 months ago - GlobeNewsWire

Rent the Runway stock falls despite Q4 earnings beat

Yahoo Finance Live anchors Julie Hyman and Brad Smith discuss the decline in stock for Rent the Runway.

1 year ago - Yahoo Finance