Bug report

The floating label overlaps the value of the Textbox when it is set programmatically.
Workaround: https://dojo.telerik.com/iWOxEweJ

Reproduction of the problem

1. Open this Dojo example - https://dojo.telerik.com/EfiTuNIP/2

Current behavior

The floating label is placed over the text and the latter becomes unreadable.

Expected/desired behavior

The floating label should be displayed over the input field.

Environment

• Kendo UI version: 2022.2.510
• Browser: [all]