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S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
3 EV Stocks You Need To Have On Your Watchlist
America's Worst Nightmare: A Major Financial Crisis Looms (Ad)
Even at $2,000+ Per Share, These 3 Stocks Are Deals
Will NIO Partake In China's Economic Awakening?
America's Worst Nightmare: A Major Financial Crisis Looms (Ad)
BJ's Restaurants' Approaching Buy Point As Earnings Surge 150%
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
BREAKING: Tiny biotech successfully treats blindness (Ad)
Tax Software Specialist Vertex In Buy Zone After Base Breakout
How to Choose a Brokerage Account or Online Broker
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
3 EV Stocks You Need To Have On Your Watchlist
America's Worst Nightmare: A Major Financial Crisis Looms (Ad)
Even at $2,000+ Per Share, These 3 Stocks Are Deals
Will NIO Partake In China's Economic Awakening?
America's Worst Nightmare: A Major Financial Crisis Looms (Ad)
BJ's Restaurants' Approaching Buy Point As Earnings Surge 150%
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
BREAKING: Tiny biotech successfully treats blindness (Ad)
Tax Software Specialist Vertex In Buy Zone After Base Breakout
How to Choose a Brokerage Account or Online Broker
S&P 500   4,298.86
DOW   33,876.78
QQQ   354.50
3 EV Stocks You Need To Have On Your Watchlist
America's Worst Nightmare: A Major Financial Crisis Looms (Ad)
Even at $2,000+ Per Share, These 3 Stocks Are Deals
Will NIO Partake In China's Economic Awakening?
America's Worst Nightmare: A Major Financial Crisis Looms (Ad)
BJ's Restaurants' Approaching Buy Point As Earnings Surge 150%
Cactus Opens The Cash Flow Wellhead With Flexsteel Acquisition 
BREAKING: Tiny biotech successfully treats blindness (Ad)
Tax Software Specialist Vertex In Buy Zone After Base Breakout
How to Choose a Brokerage Account or Online Broker
NASDAQ:RENT

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

$2.18
-0.26 (-10.66%)
(As of 06/9/2023 ET)
Compare
Today's Range
$2.15
$2.46
50-Day Range
$2.00
$3.19
52-Week Range
$1.10
$5.74
Volume
1.47 million shs
Average Volume
715,725 shs
Market Capitalization
$144.90 million
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$5.61

Rent the Runway MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.64 Rating Score
Upside/​Downside
120.8% Upside
$4.81 Price Target
Short Interest
Bearish
18.82% of Float Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.14mentions of Rent the Runway in the last 14 days
Based on 28 Articles This Week
Insider Trading
Selling Shares
$692,497 Sold Last Quarter
Proj. Earnings Growth
Growing
From ($1.69) to ($1.44) Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.91 out of 5 stars

Retail/Wholesale Sector

132nd out of 208 stocks

Retail Stores, Not Elsewhere Classified Industry

10th out of 11 stocks


RENT stock logo

About Rent the Runway (NASDAQ:RENT) Stock

Rent the Runway, Inc. rents designer wear for women through its stores and online retail. The company offers ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear, ski wear, home goods, evening wear, and kids wear, as well as accessories. It also engages in the software development and support activities. The company was incorporated in 2009 and is headquartered in Brooklyn, New York.

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RENT Stock News Headlines

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Q1 2023 Rent the Runway Inc Earnings Call
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Rent the Runway (NASDAQ:RENT) Price Target Cut to $5.00
Recap: Rent the Runway Q1 Earnings
What Wall Street expects from Rent the Runway A's earnings
Rent the Runway's Earnings Outlook
See More Headlines

RENT Price History

RENT Company Calendar

Last Earnings
4/12/2023
Today
6/09/2023
Next Earnings (Estimated)
9/11/2023
Fiscal Year End
1/31/2024

Industry, Sector and Symbol

Industry
Retail stores, not elsewhere classified
Sub-Industry
N/A
Current Symbol
NASDAQ:RENT
CUSIP
76017410
Fax
N/A
Employees
1,015
Year Founded
2009

Price Target and Rating

Average Stock Price Forecast
$5.61
High Stock Price Forecast
$12.00
Low Stock Price Forecast
$3.50
Forecasted Upside/Downside
+157.4%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.64
Research Coverage
11 Analysts

Profitability

Net Income
$-138,700,000.00
Pretax Margin
-46.86%

Debt

Sales & Book Value

Annual Sales
$296.40 million
Book Value
($0.54) per share

Miscellaneous

Free Float
58,433,000
Market Cap
$144.90 million
Optionable
Not Optionable
Beta
0.66

Social Links


Key Executives

  • Ms. Jennifer Y. Hyman (Age 43)
    Co-Founder, Chairman & CEO
    Comp: $1.51M
  • Ms. Anushka SalinasMs. Anushka Salinas (Age 41)
    Pres & COO
    Comp: $771.83k
  • Ms. Jennifer Fleiss (Age 40)
    Co-Founder & Director
  • Ms. Scarlett O'Sullivan (Age 53)
    Chief Financial Officer
    Comp: $769.51k
  • Mr. Larry Steinberg (Age 55)
    Chief Technology Officer
  • Jackie Blatt
    Head of Investor Relations
  • Ms. Cara Schembri (Age 47)
    Gen. Counsel & Sec.
  • Ms. Andrea Alexander (Age 41)
    Chief People Officer
  • Mr. Brian Donato (Age 52)
    Chief Supply Chain Officer
  • Ms. Sarah K. Tam (Age 50)
    Chief Merchant Officer













RENT Stock - Frequently Asked Questions

Should I buy or sell Rent the Runway stock right now?

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Rent the Runway in the last twelve months. There are currently 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" RENT shares.
View RENT analyst ratings
or view top-rated stocks.

What is Rent the Runway's stock price forecast for 2023?

11 brokerages have issued twelve-month price targets for Rent the Runway's stock. Their RENT share price forecasts range from $3.50 to $12.00. On average, they predict the company's share price to reach $5.61 in the next twelve months. This suggests a possible upside of 157.4% from the stock's current price.
View analysts price targets for RENT
or view top-rated stocks among Wall Street analysts.

How have RENT shares performed in 2023?

Rent the Runway's stock was trading at $3.05 on January 1st, 2023. Since then, RENT shares have decreased by 28.5% and is now trading at $2.18.
View the best growth stocks for 2023 here
.

When is Rent the Runway's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Monday, September 11th 2023.
View our RENT earnings forecast
.

How were Rent the Runway's earnings last quarter?

Rent the Runway, Inc. (NASDAQ:RENT) released its quarterly earnings data on Wednesday, April, 12th. The company reported ($0.38) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.51) by $0.13. The business had revenue of $75.40 million for the quarter, compared to analysts' expectations of $73.34 million. Rent the Runway had a negative trailing twelve-month return on equity of 649.61% and a negative net margin of 41.61%.

What guidance has Rent the Runway issued on next quarter's earnings?

Rent the Runway issued an update on its second quarter 2023 earnings guidance on Wednesday, June, 7th. The company provided EPS guidance of for the period. The company issued revenue guidance of $77.00 million-$79.00 million, compared to the consensus revenue estimate of $81.01 million.

What other stocks do shareholders of Rent the Runway own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Rent the Runway investors own include Alibaba Group (BABA), OPKO Health (OPK), American Airlines Group (AAL), Alnylam Pharmaceuticals (ALNY), Ambarella (AMBA), Broadcom (AVGO), Biogen (BIIB) and Walt Disney (DIS).

When did Rent the Runway IPO?

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

What is Rent the Runway's stock symbol?

Rent the Runway trades on the NASDAQ under the ticker symbol "RENT."

Who are Rent the Runway's major shareholders?

Rent the Runway's stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (4.10%), Franklin Resources Inc. (2.00%), State Street Corp (1.52%), Geode Capital Management LLC (1.34%), Renaissance Technologies LLC (0.82%) and Intrinsic Edge Capital Management LLC (0.75%). Insiders that own company stock include Andrea Alexander, Andrew Rau, Anushka Salinas, Beth J Kaplan, Brian Donato, Cara Schembri, Carley Roney, Jennifer Hyman, Larry Steinberg, Sarah K Tam and Scarlett O'sullivan.
View institutional ownership trends
.

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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

What is Rent the Runway's stock price today?

One share of RENT stock can currently be purchased for approximately $2.18.

How much money does Rent the Runway make?

Rent the Runway (NASDAQ:RENT) has a market capitalization of $144.90 million and generates $296.40 million in revenue each year. The company earns $-138,700,000.00 in net income (profit) each year or ($1.95) on an earnings per share basis.

How many employees does Rent the Runway have?

The company employs 1,015 workers across the globe.

Does Rent the Runway have any subsidiaries?
The following companies are subsidiares of Rent the Runway: Go Try It On.
Read More
How can I contact Rent the Runway?

Rent the Runway's mailing address is 7700 NE Ambassador Pl, PORTLAND, OR 97220-1394, United States. The official website for the company is www.renttherunway.com. The company can be reached via phone at 212-524-6860 or via email at investors@renttherunway.com.

This page (NASDAQ:RENT) was last updated on 6/10/2023 by MarketBeat.com Staff

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