Is it Still Wise to Invest in V.F. Corporation (VFC)?

Diamond Hill Capital, an investment management firm, published its “Diamond Hill All Cap Select Fund” first-quarter 2022 investor letter – a copy of which can be downloaded here. During a volatile quarter, the Diamond Hill All Cap Select Fund held up meaningfully better than the Russell 3000 Index. After a strong rebound in 2021, global GDP growth is expected to moderate in 2022. Try to take some time looking at the fund’s top 5 holdings to be informed about their best picks for 2022.

In its Q1 2022 investor letter, Diamond Hill All Cap Select Fund mentioned V.F. Corporation (NYSE:VFC) and explained its insights for the company. Founded in 1899, V.F. Corporation (NYSE:VFC) is a Denver, Colorado-based global apparel and footwear company with a $17.4 billion market capitalization. V.F. Corporation (NYSE:VFC) delivered a -38.65% return since the beginning of the year, while its 12-month returns are down by -41.98%. The stock closed at $44.92 per share on July 14, 2022.

Here is what Diamond Hill All Cap Select Fund Concentrated Fund has to say about V.F. Corporation (NYSE:VFC) in its Q1 2022 investor letter:

“Apparel and footwear company V.F. Corporation underperformed due to the longer-than-expected recovery for its Vans brand, elevated freight costs dampening gross margin, and its modest exposure to the slowdown in China. The company’s remaining brands are performing well. Although consolidated results have been choppy, we believe management is making the right strategic decisions for future profitable growth.”

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Our calculations show that V.F. Corporation (NYSE:VFC) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. V.F. Corporation (NYSE:VFC) was in 28 hedge fund portfolios at the end of the first quarter of 2022, compared to 21 funds in the previous quarter. V.F. Corporation (NYSE:VFC) delivered a -20.07% return in the past 3 months.

In May 2022, we published an article that includes V.F. Corporation (NYSE:VFC) in 5 Highest-Yielding Dividend Aristocrats for 2022. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters 2022 Q1 page.

Disclosure: None. This article is originally published at Insider Monkey.