Rent the Runway (RENT) Stock Price, News & Analysis

Company Overview

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.

Key Stats

• Today's Range: $9.89 to $10.20
• 50-Day Range: $8.41 to $15.08
• 52-Week Range: $4.46 to $41.81
• Volume: 5,398 shs
• Average Volume: 502,189 shs
• Market Capitalization: $38.18 million
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $25.86
• Consensus Rating: Moderate Buy

Rent the Runway Stock Analysis - MarketRank™

Rent the Runway scored higher than 58% of companies evaluated by MarketBeat, and ranked 119th out of 202 stocks in the retail/wholesale sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Rent the Runway has received a consensus rating of Moderate Buy. The company's average rating score is 2.57, and is based on 4 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Rent the Runway has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: Decreasing

Earnings Growth

Earnings for Rent the Runway are expected to decrease in the coming year, from ($19.08) to ($19.73) per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Rent the Runway is -0.37, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Rent the Runway is -0.37, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 4.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

12.17% of the float of Rent the Runway has been sold short.

Short Interest Ratio / Days to Cover

Rent the Runway has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Rent the Runway has recently decreased by 18.50%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Rent the Runway does not currently pay a dividend.

Dividend Growth

Rent the Runway does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

12.17% of the float of Rent the Runway has been sold short.

Short Interest Ratio / Days to Cover

Rent the Runway has a short interest ratio ("days to cover") of 2.7, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Rent the Runway has recently decreased by 18.50%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.8 / 5
• News Sentiment: N/A

News Sentiment

Rent the Runway has a news sentiment score of 0.96. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.58 average news sentiment score of Retail/Wholesale companies.

News Coverage This Week

MarketBeat has tracked 1 news article for Rent the Runway this week, compared to 3 articles on an average week.

Search Interest

Only 3 people have searched for RENT on MarketBeat in the last 30 days. This is a decrease of 0% compared to the previous 30 days.

MarketBeat Follows

9 people have added Rent the Runway to their MarketBeat watchlist in the last 30 days. This is an increase of 350% compared to the previous 30 days.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Rent the Runway insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $195,670.00 in company stock.

Percentage Held by Insiders

Only 6.60% of the stock of Rent the Runway is held by insiders.

Percentage Held by Institutions

73.10% of the stock of Rent the Runway is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

RENT Stock Analysis - Frequently Asked Questions

How have RENT shares performed this year?

Rent the Runway's stock was trading at $10.55 at the start of the year. Since then, RENT shares have decreased by 8.8% and is now trading at $9.62.
View the best growth stocks for 2024 here.

How were Rent the Runway's earnings last quarter?

Rent the Runway, Inc. (NASDAQ:RENT) announced its earnings results on Thursday, September, 5th. The company reported ($4.17) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($5.86) by $1.69. The business earned $78.90 million during the quarter, compared to analyst estimates of $76.60 million.

When did Rent the Runway's stock split?

Rent the Runway's stock reverse split on the morning of Wednesday, April 3rd 2024. The 1-20 reverse split was announced on Wednesday, April 3rd 2024. The number of shares owned by shareholders was adjusted after the market closes on Wednesday, April 3rd 2024. An investor that had 100 shares of stock prior to the reverse split would have 5 shares after the split.

Does Rent the Runway have any subsidiaries?

The following companies are subsidiaries of Rent the Runway: Go Try It On.

When did Rent the Runway IPO?

Rent the Runway (RENT) raised $332 million in an initial public offering (IPO) on Wednesday, October 27th 2021. The company issued 17,000,000 shares at a price of $18.00-$21.00 per share.

How do I buy shares of Rent the Runway?

Shares of RENT stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Rent the Runway own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Rent the Runway investors own include Meta Platforms (META), NVIDIA (NVDA), Tesla (TSLA), Advanced Micro Devices (AMD), Home Depot (HD), Netflix (NFLX) and JPMorgan Chase & Co. (JPM).

Company Calendar

• Last Earnings: 9/05/2024
• Today: 10/18/2024
• Next Earnings (Estimated): 12/03/2024
• Fiscal Year End: 1/31/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Retail/Wholesale
• Industry: Retail stores, not elsewhere classified
• Sub-Industry: Retail
• Current Symbol: NASDAQ:RENT
• CUSIP: 76017410
• CIK: 800458
• Web: www.renttherunway.com
• Phone: 212-524-6860
• Fax: N/A
• Employees: 1,104
• Year Founded: 2009

Price Target and Rating

• Average Stock Price Target: $25.86
• High Stock Price Target: $40.00
• Low Stock Price Target: $12.00
• Potential Upside/Downside: +168.8%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.57
• Research Coverage: 7 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($26.22)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $-113,200,000.00
• Net Margins: -31.07%
• Pretax Margin: -30.94%
• Return on Equity: N/A
• Return on Assets: -31.91%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 1.92
• Quick Ratio: 1.92

Sales & Book Value

• Annual Sales: $298.20 million
• Price / Sales: 0.12
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: ($34.49) per share
• Price / Book: -0.28

Miscellaneous

• Outstanding Shares: 3,810,000
• Free Float: 3,557,000
• Market Cap: $36.65 million
• Optionable: Optionable
• Beta: 1.04