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Depends on where you are located. Here in Indiana, they can be transplanted two times of the year. The best time is in the spring right when they break thru the ground. The other is in the fall after the leaves and stalks have turned brown.
You can dig up the whole bunch if it is under 10" across. If larger, you may have to divide them.
Use a long spade and enter the ground straight down along the sides of the outermost stalk you can see. If digging a whole bunch, put down the spade in a circle around the stalks. Get as far under the stalks as you can. (Older plants will have very deep roots that may have to be cut.)
For wider plantings, use the spade to part a portion of the stalks away from each other. Once you dig around each section, you will need to be certain to lift from the outer edge only so you don't injure any more of the stalks than necessary.
Replant in a hole much wider than the diameter of the your set of stalks. You need to not crowd the roots. Water well no matter what time of year after you transplant. Wishing many enjoyable blooms for you!

I have a beautiful peony plant in the front of my house. The problem is I am never out there and seldom get a chance to enjoy its beautiful blooms. Can I replant it to my backyard? Do peonies do well with a move?