RH shares jumped 9.5% in Friday trading after a late-Thursday announcement that the company authorized a $700 million share repurchase program. RH, the furniture and home decor retailer formerly known as Restoration Hardware, completed a $300 million repurchase program in the fiscal first quarter of 2017. RH shares are up 85% for the year to date while the S&P 500 index is up 7% for the period.
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