That could well be. If the tag simply said "perennial", I'd venture to guess you didn't buy it at a hosta nursery and I'd watch it carefully for signs of Hosta Virus X (HVX) and ensure that you clean your tool well after doing anything to it for several years. If you don't know about HVX, please Google it and learn. Good hosta nurseries now buy from places that test their stock carefully, but the plants you find at general garden centres often still carry it and it doesn't always show symptoms for several years.