From the Snopes debunking of this story, they claim there are no satanic products on Target's shelves:

"Viral photographs of Abprallen products depicting the demon Baphomet and the text "Satan respects pronouns," for example, were genuine, but came from the designer's own shop and were not connected to the Target partnership. "

Then, they claim the artist is NOT a satanist with this quote from him:

"Satanists don't actually believe in Satan, he is merely used as a symbol of passion, pride, and liberty. He means to you what you need him to mean. So for me, Satan is hope, compassion, equality, and love. So, naturally, Satan respects pronouns. He loves all LGBT+ people. I went with a variation of Baphomet for this design, a deity who themself is a mixture of genders, beings, ideas, and existences. They reject binary stereotypes and expectations."

Thanks Snopes, you really cleared that up.