An adjustable sheath for carrying an article includes a main body having a front surface, a rear surface opposite the front surface, and a peripheral edge, a receptacle configured to receive an article, wherein the receptacle is coupled to the front surface and the receptacle includes an outer surface, and a strap configured to retain the article within the receptacle, the strap including a first end portion removably coupled to the rear surface of the main body and a second end portion removably coupled to the outer surface of the receptacle. The top strap passes over the peripheral edge of the main body when coupled to the rear surface main body and the outer surface of the receptacle.