Label overlaps with default value on Form Reset (fix suggested)

[eulores]

When resetting the form, the label overlaps the provided default text. No change in behaviour even after adding class="active" to the label element.

There are several related issues. I checked them but they are not quite the same or based on outdated versions. (open issue #5051)

Here is a very reduced test case:
https://codepen.io/eulores/pen/EBrydy

I expect the label not to overwrite the text when resetting the form.

Possible Solution

In the javascript file forms.js, in the function triggered on form reset, do these two changes:

1. Remove the code that removes the class 'active' from all label elements.
2. Add a call to M.updateTextFields() in the timeout function that triggers immediately after the native form reset.

Steps to Reproduce (for bugs)

See Codepen sample code.

My Environment

I tried and saw same behaviour with Firefox, Chrome and Edge browsers.
Materialize version 1.0.0