Is FELTS a Wordle Word?

Yes. FELTS is a valid Wordle word.

It is not on the Wordle answer list, so it is unlikely to be a daily answer.

Plurals ending in S are almost never chosen as Wordle answers.

What does FELTS mean?

To make into felt, or a feltlike substance; to cause to adhere and mat together.
To cover with, or as if with, felt.“to felt the cylinder of a steam engine”
To cause a player to lose all their chips.

Definition from Wiktionary, available under the CC BY-SA license.

Starter word rating: AverageIn the top 21% of all valid Wordle words for testing common letters.
Vowels: E
Unique letters: 5 of 5
Common letters: E, L, T

Hard-mode trap: 10 valid words fit the pattern _ELTS. If you reach it, you may need several guesses to find the last letter.

Letter ratings use how often each letter appears in Wordle answers.

Tap its tiles to the colours Wordle showed, and the Wordle Solver lists every word that still fits, with the best next guess.