The low-temperature critical behavior of the spin-) planar ferromagnet is investigated. A functional integral expression for the partition function is obtained and analyzed using renormalization group techniques. The quantum-classical crossover phenomenon near the zero-temperature multicritical point is studied. A comparison with similar studies carried out for theXY model in a transverse field shows, as expected, that the critical properties are similar in both systems. However, for the critical line he(O) -hc(O) ~ 01/~ we obtain ~b = I for the shift exponent instead of the XY value ~b = 2/d.