TPR // Tapestry Inc.

DES <GO> NYSE CIK 0001116132 ↗

Consumer Discretionary • Apparel

$117.84 ▲ +6.60 (+5.93%)

MKT CAP: $23.54B • VOL: 2.94M

52W L $93 52W H $165

ALTMAN Z

4.05 SAFE

PIOTROSKI

8 / 9

TPR // ROARABLE RATING & 5-PILLAR RQD CONFIDENCE 02:00 EST DETERMINISTIC ENGINE

▼ DOWNGRADE // B (RQD 72) -> B- (RQD 71) AS OF 2026-11-01

ROARABLE B-

RQD CONFIDENCE

71 / 100 -1D

5 X 20-PT QUANT PILLARS

E 0 D 35 C 59 B 70 A 86+

Roarable Buy — Sound Institutional Accumulation

01 MASSIVE / SEC XBRL

Forensic Fundamentals

19 / 20

STRONG

FCF +65.7% vs NI +200% • ROIC-WACC +73.6% • Z 4.05

02 OPRA GEX + SEC 13F

Whale & Options Flow

[LOCKED] FLAGGED

UNLOCK BELOW TO REVEAL

03 SEC FORM 4 (90D)

Insider Conviction

[LOCKED] FLAGGED

UNLOCK BELOW TO REVEAL

04 FRED 90D r-MATRIX

Macro Regime Fit

14 / 20

SOLID

TAILWIND • r(10Y)=+0.00 (+23bp) • r(OAS)=+0.00

05 10-K REDLINE AUDIT

Forensic 10-K Risk

16 / 20

STRONG

20 BASE - 4 DEDUCT • 0 CRIT / 0 MED • STABLE

ALERT

Why did TPR's Whale & Options Flow & Insider Conviction sub-score just flash a warning? Enter your email to unlock the full 5-Pillar Rating Breakdown + get instant alerts whenever TPR is Upgraded or Downgraded.

SIG <GO> CROSS-FEED TRIANGULATION // PROPRIETARY ANOMALY ENGINE (1 ACTIVE ON TPR)

STAGE 2 DETERMINISTIC Z-SCORE + STAGE 3 GEEK DESK BRIEF ALL MARKET ANOMALIES <SIG>

▼ BEARISH // F-RATED EARNINGS MIRAGE // ACCRUAL WATCHSIFTER 02 // ACCRUAL & RECEIVABLES FORENSICS

SEVERITY: 83/100 Z-SCORE: +2.41σ

TPR Accounting Gap: Net Income (+220%) Outpaced OCF (+62.6%) With +-17% Working-Capital Build

CASH CONVERSION GAP

+157.4% (NI vs OCF)

RECEIVABLES / WC BLOAT

-17.0% VS REV

60D C-SUITE FORM 4 SALES

0 OPEN-MKT DUMPS

[GEEK DESK FORENSIC NOTE // SEC XBRL × FORM 4 CROSS-CHECK]

SEC EDGAR XBRL CompanyFacts10-K/10-Q Working Capital ScheduleSEC Form 4 Executive Sales

SEC EDGAR XBRL triangulation on Tapestry Inc. (TPR) exposes a +157.4% Cash Conversion Gap as YoY Net Income growth (+220.0%) diverged from Operating Cash Flow growth (+62.6%). Non-cash current assets and receivables expanded -17.0% relative to top-line revenue growth. Monitor upcoming 10-Q cash realization closely for accrual mean-reversion.

TPR // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: -19.82%📐 HORIZONTAL RANGE

2026-10-30O $119.7H $119.8L $116.1C $116.3VOL 2.75M

RES: $177.1SUP: $104.1SMA50: $117.7SMA200: $137.2

TPR // INSTITUTIONAL BULL VS. BEAR FORENSIC DEBATE

HIGH-CONVICTION LONG CONVICTION: 88/100

BEAR 0

100 BULL

Tapestry Inc. (TPR) exhibits 77.8% gross margins and 79.8% return on invested capital within Consumer Discretionary (Apparel), balanced against a 12.1x enterprise multiple and 7.2% implied options volatility.

▲ INSTITUTIONAL BULL THESIS (LONG)

01. Operating Leverage & Capital Efficiency Moat

Sustained 77.8% gross profitability converts into 23.9% operating margin and 79.8% ROIC, outpacing sector cost of capital.

ROIC: 79.8% // GM: 77.8%

02. Top-Line Expansion & Cash Conversion

YoY revenue trajectory of +14.2% paired with 7.70% free cash flow yield supports self-funded R&D and capital return.

REV YOY: +14.2% // FCF YLD: 7.70%

03. Balance Sheet Solvency & Forensic Quality

Altman Z-Score of 4.05 and Piotroski F-Score of 8/9 indicate low near-term refinancing stress.

ALTMAN Z: 4.05 // F-SCORE: 8/9

▼ INSTITUTIONAL BEAR THESIS (SHORT / RISK)

01. Multiple Compression & Duration Sensitivity

Trading at 15.4x trailing P/E (12.9x Fwd P/E) leaves valuation vulnerable if real 10Y TIPS yields spike.

P/E: 15.4x // EV/EBITDA: 12.1x

02. Options Skew & Event Volatility Risk

Options market prices a ±7.2% implied move with a 0.63 put/call ratio around $115.00 max pain.

IMPL MOVE: ±7.2% // P/C: 0.63

03. Competitive Margin & CapEx Cycle Pressure

Elevated industry capital intensity and customer concentration in Apparel require continuous execution to defend 19.1% net margins.

NET MARGIN: 19.1% // D/E: 4.35x

KEY CATALYST // Upcoming 10-Q/10-K XBRL margin progression, guidance revision vs 12.9x forward consensus, and institutional 13F positioning.

MACRO REGIME // Monitor US 10Y Real Yields (DFII10) and High-Yield Credit Spreads (OAS) for beta-adjusted multiple impact (Beta 1.10).

FORM 4 & 13F FLOW OPEN OWN <GO>

FILER	SIDE	$ VALUE
INSPECT FULL OWNERSHIP LEDGER IN OWN <GO>

UNUSUAL OPTIONS TAPE OPEN OPT <GO>

STRIKE / EXP	TYPE	PREMIUM
INSPECT GEX & CHAIN IN OPT <GO>

KEY VALUATION & PROFITABILITY RATIOS XBRL FA <GO>

TRAILING P/E 15.4x

FORWARD P/E 12.9x

EV / EBITDA 12.1x

FCF YIELD 7.70%

GROSS MARGIN 77.8%

OPERATING MARGIN 23.9%

NET MARGIN 19.1%

ROIC % 79.8%

REV GROWTH YOY +14.2%

DILUTED EPS TTM $7.65

DEBT / EQUITY 4.35x

DIVIDEND YIELD 1.39%

RSI-14 MOMENTUM 50.4

5Y EQUITY BETA 1.10

FRED MACRO SENSITIVITY (PEARSON r) ECST <GO>

MACRO CORRELATION CALIBRATION ACTIVE BELOW.

FRED MACRO REGIME STRESS-TEST SIMULATOR // TPRPEARSON R VARIANCE ENGINE

01 // SELECT FEDERAL RESERVE & CREDIT SHOCK SCENARIO

02 // POSITION NOTIONAL EXPOSURE

HEADLINE STRESS SCORE

75/100SEVERE DRAWDOWN PRESSURE

PRIMARY FACTOR EXPOSURE

DFII10 // -0.61 r

Latest: 2.08%

EST. DIRECTIONAL MOVE

-8.50%

Implied Px: $107.83

EST. DOLLAR VARIANCE

-$4,248

On $50,000 Notional

[LOCKED // MULTI-FACTOR DRAWDOWN HEDGE & MACRO TRIGGER ALERT]

Unblur the exact $50,000 delta-adjusted ETF/options hedge ratio for TPR & activate live FRED threshold breach alerts.

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