Is the Accent (ASX:AX1) share price in the buy zone after today’s decline?

The Accent Group Ltd (ASX: AX1) share price has been out of form on Wednesday and is dropping notably lower.

In late afternoon trade, the footwear focused retailer’s shares are down over 4% to $2.23.

Despite this decline, the Accent share price is still up a massive 75% over the last 12 months.

Why is the Accent share price sinking today?

The good news for shareholders is that today’s decline has nothing to do with the performance of its business.

Instead, this decline can be attributed to Accent shares trading ex-dividend today for its upcoming interim dividend.

When a share trades ex-dividend, it tends to drop in line with its…