Rent the RunwayRENT
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]
0.13% less ownership
Funds ownership: 33.75% [Q2] → 33.62% (-0.13%) [Q3]
33% less funds holding
Funds holding: 52 [Q2] → 35 (-17) [Q3]
44% less capital invested
Capital invested by funds: $21.2M [Q2] → $11.8M (-$9.34M) [Q3]
73% less repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 11
85% less first-time investments, than exits
New positions opened: 3 | Existing positions closed: 20
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
1 analyst rating
JMP Securities Andrew Boone 73% 1-year accuracy 67 / 92 met price target | 382%upside $40 | Market Outperform Reiterated | 10 Dec 2024 |
Financial journalist opinion
Based on 4 articles about RENT published over the past 30 days
