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AXIL Brands appoints industry veteran to board leadership

Story Highlights
  • Director Peter Dunne resigned from AXIL Brands’ board on January 15, 2026.
  • The board appointed industry veteran Thomas Penna as Class II director and key committee leader.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
AXIL Brands appoints industry veteran to board leadership

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AXIL Brands ( (AXIL) ) has issued an update.

On January 15, 2026, AXIL Brands, Inc. announced that director Peter Dunne resigned from its board and committees, with the company stating his departure did not stem from any disagreement over its operations, policies, or practices. On the same date, the board appointed industry veteran Thomas Penna, who has more than 35 years of experience in the professional hair care and salon sectors and previously served as chairman and CEO of haircare distributor Penko Beauty LLC, as a Class II director through the 2028 annual meeting and named him to the audit and compensation committees and as chair of the nominating and corporate governance committee, signaling a targeted strengthening of board expertise in the company’s core market without any related-party or appointment arrangements disclosed.

The most recent analyst rating on (AXIL) stock is a Buy with a $9.00 price target. To see the full list of analyst forecasts on AXIL Brands stock, see the AXIL Stock Forecast page.

Spark’s Take on AXIL Stock

According to Spark, TipRanks’ AI Analyst, AXIL is a Neutral.

The score is driven primarily by improved fundamentals and a strong, low-leverage balance sheet, supported by bullish technical momentum. Offsetting these positives are weak and volatile cash conversion (TTM free cash flow slightly negative) and a rich valuation (high P/E), which increase downside risk if operating performance is inconsistent.

To see Spark’s full report on AXIL stock, click here.

More about AXIL Brands

Average Trading Volume: 507,979

Technical Sentiment Signal: Strong Buy

Current Market Cap: $52.79M

Learn more about AXIL stock on TipRanks’ Stock Analysis page.

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