It really isn't unusual to not get a lot of growth on any spring planted peony in that same year. Definitely don't give up hope, it should be just fine. I plant a lot of peonies in the spring and normally get those same results, it'll grow much, much better next spring!

Thank You for your response and words of encouragement . The success of this bush means a lot to me for I planted this for my wife who loves Itoh Peonies. Right now, she is going through some very difficult times and I want this to be successful for her. If I may ask you - since there are only 5 leaves which are no taller than 4" in height, do I cut them before the winter sets in or do I leave them alone till spring 2015? Your response is warmly appreciated.

As your weather cools the stems and leaves will brown, will sometimes do it even earlier when they're spring planted that same year. You can cut them back then. If you're in a damp climate and you see any mildew it's fine to cut them back earlier. I hope they do well and you get some blooms next year, Itohs are beautiful flowers and your wife will love them! Which one did you get?

We picked out Itoh Bartzella . My wife lives yellow flowers . Question - how low to the ground do I cut the leaves ? Ground level so NO leaf shows ?
Thank you Miyako and Ed