Rent the Runway, Inc. operates shared designer closet in the United States. The company provides 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.
Analyst Optimism | JMP Securities sets a $40 price target, reflecting confidence in RENT's potential despite current market challenges and a low market cap of $32.52 million |
Financial Tightrope | Delve into RENT's journey towards FCF breakeven in 2024, balancing growth initiatives with upcoming cash interest payments and a significant debt burden |
Subscriber Stagnation | Explore RENT's efforts to overcome flat subscriber growth through new pricing plans and enhanced digital experiences, aiming to expand its market reach |
Fashion Rental Pionee | Rent the Runway leads the fashion rental market with innovative strategies, facing growth challenges while maintaining strong gross profit margins of 72.94% |
Metrics to compare | RENT | Sector Sector - Average of metrics from a broad group of related Technology sector companies | Relationship RelationshipRENTPeersSector | |
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P/E Ratio | −0.3x | −5.1x | 10.8x | |
PEG Ratio | −0.01 | −0.11 | 0.02 | |
Price / Book | −0.1x | 2.6x | 1.4x | |
Price / LTM Sales | 0.1x | 0.3x | 0.9x | |
Upside (Analyst Target) | - | 19.5% | 20.4% | |
Fair Value Upside | Unlock | 32.7% | 10.1% | Unlock |