In this work we use field-theoretic and renormalization-group methods
to study the finite-temperature ferromagnetic phase transition in the
three-dimensional Hubbard model. We show that the nature of the ferrom
agnetic transition may strongly depend on the constraint imposed on th
e system. For example, if the system is allowed to exchange particles
with a reservoir, the stability criterion for the occurrence of a cont
inuous phase transition can be calculated using the mean-field approxi
mation. On the other hand, if the total charge is conserved and charge
- and spin-density fluctuations are considered in the theory, a differ
ent criterion, quite distinct from the mean-field one, is found, resul
ting in a fluctuation-induced renormalized Heisenberg tricritical poin
t. The tricritical behavior is studied by calculating the one-loop ren
ormalized free energy and using scaling analysis to determine the tric
ritical exponents. Finally, the exact solution of the model in the sph
erical limit and near the ferromagnetic transition is presented, in wh
ich case no fluctuation-induced tricritical point is found.