Rent the Runway (RENT)

• Market cap: $35.9M
• 1 day: 0.85%
• 5 days: -6.63%
• 1 month: -6.26%
• 3 months: -25.84%
• 6 months: -73.78%
• Year to date: -2.48%
• 1 year: -18.76%
• 5 years: -97.55%
• 10 years: -97.55%
• Sector: Consumer Discretionary
• Industry: Retail Stores

About: Rent the Runway Inc is an e-commerce platform that allows users to rent, subscribe, or buy designer apparel and accessories. It gives customers access to its unlimited closet through its subscription offering (Subscription) or the ability to rent a-la-carte through its reserve offering (Reserve). The company also gives its subscribers and customers the ability to buy its products through its Resale offering. Its Closet in the Cloud offers a wide assortment of items for every occasion, from evening wear and accessories to ready-to-wear, workwear, denim, casual, maternity, outerwear, blouses, knitwear, loungewear, jewelry, handbags, activewear and ski wear.

Employees: 1,104

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

0% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 3 (+0) [Q3]

0.12% less ownership

Funds ownership: 33.74% [Q2] → 33.62% (-0.12%) [Q3]

31% less funds holding

Funds holding: 51 [Q2] → 35 (-16) [Q3]

44% less capital invested

Capital invested by funds: $21.2M [Q2] → $11.8M (-$9.33M) [Q3]

73% less repeat investments, than reductions

Existing positions increased: 3 | Existing positions reduced: 11

80% less first-time investments, than exits

New positions opened: 4 | Existing positions closed: 20

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $26 175% upside
• Avg. target: $26 175% upside
• High target: $26 175% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Jefferies Ashley Helgans 60% 1-year accuracy 3 / 5 met price target

175% upside $26

Buy Maintained

6 Sept 2024