Down Over 55% in 2017, Is Sportsman's Warehouse a Buy?

Like much of the sports and outdoor retail sector, Sportsman's Warehouse (NASDAQ: SPWH) has had a rough 2017.

Shares are down over 55% year to date, but the company is still expanding rapidly, adding eight stores through the first half of the year to bring its grand total to 83 across 22 states. Management plans to continue adding new locations aggressively, with a goal of increasing its square footage by 10% annually for the next several years.

With the stock's sell-off this year, shares now trade at a bargain according to conventional metrics, with price-to-earnings at just over 6x. Is it time for investors to jump back into Sportsman's Warehouse? Let's see what's in store for the outdoor chain.

Source: Fool.com